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The Prof G Pod with Scott Galloway

The Great Grift

The Prof G Pod with Scott Galloway

Vox Media Podcast Network

Careers, Entrepreneurship, Business

4.64.1K Ratings

🗓️ 21 January 2021

⏱️ 51 minutes

🧾️ Download transcript

Summary

Lina Khan, an associate professor of law at Columbia Law School, joins Scott to discuss the latest around Big Tech’s unchecked power and the broader effects of monopolistic behavior on the economy. She shares her thoughts on how break ups could benefit the markets, why traditional antitrust laws aren’t necessarily suited for the digital market, and how the dynamics of antitrust have changed over the past couple of years. Follow Lina on Twitter, @linamkhan. (14:43) Scott begins by outlining how we could have used our $5 trillion stimulus effort to prop up Americans who needed the most help, rather than letting the rich get richer. Related Reading: The Great Grift. This Week’s Office Hours: why Big Tech probably won’t make a move into the DTC genetic testing market and how rundles increase a company's valuation. Have a question for Scott? Email a voice recording to [email protected]. (42:00) Algebra of Happiness: demonstrate more grace. (54:26) Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Episode 45 the atomic number of rodeo more sang goodbye to the 45th president of the United States was I'd like to call it go fuck yourself partisan partisan when I was 45

0:11.2

I

0:12.0

I felt awesome because in New York 45 is a new 30 for women 30 is the new 60 oh my god so inappropriate go go go

0:32.0

Welcome to the 45th episode of the prop G show in today's episode

0:36.8

we speak with Lena Conn and associate professor of law at Columbia Law School where she teaches and writes about antitrust law

0:44.0

The anti monopoly tradition and law and the political economy. I am so bored reading that but trust me

0:50.6

Lena is a gangster and I think antitrust is actually quite interesting and insightful

0:57.2

Oh my god, why did I get this fucking old that I find that shit interesting. Well guess what?

1:01.2

guess what? Be old like me and get into antitrust. It's important and it's an interesting discussion as heat

1:09.3

ramifications on our society technology and the likes we discuss with Lena the state of play around big

1:15.4

text unchecked power and the broader effects of monopoly power on the economy. Okay, what's happening? Let me think kind of a slow news

1:22.0

week hmm hmm let's ponder by the time you hear this Joe Biden will have been sworn in as the 46th president of the United

1:31.2

States of America following an inauguration

1:34.3

That was coupled with heightened levels of security because of the former president's violent supporters and safety precautions

1:41.0

To avoid turning this into a COVID-19 super spreader event that kind of summarizes America a mob takes over the Capitol

1:48.0

And it not only becomes a crime scene, but a super spreader event welcome to America and in other news

1:54.1

President Biden announced his nearly two trillion dollar American rescue plan

1:58.2

That includes 400 billion for things including expanding vaccinations and helping schools safely reopen while the rest will be dispersed economic

2:05.9

beliefs such as one trillion

2:08.2

indirect payments and billions of dollars for small businesses per the AP Biden's plan will come from borrowed money

2:14.3

Adding to trillions of dollars in debt the government has already collected in an attempt to tackle

2:19.8

the pandemic

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