This is on point. I'm Megna Chakrabardi and it's part three of our special week-long

series More Than Money, the cost of monopolies in America, where we're looking at whether

it's time to expand the definition of harm when it comes to corporate monopolies. Do they

harm not just consumers and competition, but democracy itself? Well, that is the view

held by several members of the Biden administration. Lena Kahn, current chair of the Federal Trade

Commission, Jonathan Cantor, head of the Justice Department's Antitrust Division, and Tim Wu,

a Columbia Law School professor who's now special assistant to the president on competition

policy at the National Economic Council. Together, along with other antitrust advocates, they've

been called part of a new brand-dice movement. Well, today we're going to take a look at the

last great national push against monopolies that gave rise to that name. So, hop on into the

way back machine with me. First quick stop, 1936. That very word freedom in itself and of

necessity suggests freedom from some restraining power. In 1776, we sought freedom from the tyranny

of a political or hypocrisy. From the 18th century royalists, four-held special privileges

from the crown. Running for re-election in 1936, president Franklin Delano Roosevelt gave

a speech-lem fasting what he called the tyranny of monopoly power. The struggle against economic

tyranny, he said, began at the moment of the country's founding. But the founders could

not anticipate the coming industrial revolution and how it would challenge their ideas of economic

and political liberty. But since that struggle, man's inventive genius released new forces

in our land, forces which reordered the lives of our people, the age of machinery, of railroads,

of steam and electricity, the telegraph and the radio, mass production, mass distribution.

All of these combined to bring forward a new civilization and with it a problem for

those who sought to remain free. Now what was that problem? Well, it was a new homegrown

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