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Pantsuit Politics

Pantsuit Primer: Antitrust Laws

Pantsuit Politics

Lemonada Media

News, Politics, Society & Culture, News Commentary

4.54.9K Ratings

🗓️ 9 July 2017

⏱️ 14 minutes

🧾️ Download transcript

Summary

In this quick primer, we set the table for a discussion of federal antitrust laws and enforcement.  Resources:  Federal Trade Commission Website  Current FTC Personnel Why Antitrust Laws Matter    Hosted on Acast. See acast.com/privacy for more information. See omnystudio.com/listener for privacy information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:03.2

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0:25.6

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0:28.4

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0:55.6

This is a very quick and high-level overview of anti-trust laws.

1:04.7

These are laws that are intended to protect and promote competition on the merits in particular markets.

1:11.5

Anti-trust law is not about how big anyone businesses is.

1:16.1

It's about certain market sectors and how much of the market share of business controls within

1:21.2

those sectors and whether businesses are playing fairly within those sectors.

1:26.8

Healthy competition is important because theoretically it should protect consumers.

1:32.4

If sellers of products or services are all fairly competing with each other,

1:37.3

then the consumer should be able to get better products at fair prices.

1:41.8

Good companies should prosper.

1:43.7

Companies with a bad product or service should go out of business.

1:47.1

Overall, the economy should work pretty well for everyone.

1:50.2

Justice Thurgood Marshall of the Supreme Court in the 1970s wrote that anti-trust laws are the

1:55.3

Magna Carta of free enterprise.

1:57.5

They are as important to the preservation of economic freedom and our free enterprise system

...

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