And I think it starts with the concept of fear. Hello there, Jack.ĬHAKRABARTI: So, Matt, I wonder if you could start by helping us get your specific take on what exactly it is that more vigorous prosecution, and regulation and that rethinking of what monopolies mean in the modern economy, why you and others believe that that can actually help things like inequality, and democracy and protect even people's liberty? Welcome to you!ĬHAKRABARTI: Jack Beatty joins us as well, he's On Point's news analyst. He's director of research at the American Economic Liberties Project and author of a newsletter called BIG. regulates monopolies meaningfully reduce inequality? Can it meaningfully strengthen democracy? Can it actually make people more free? Well, joining us today, Matt Stoller is with us. So today we're asking have antitrust reformers like Barry Lynn, like FTC chair Lina Khan, like Jonathan Kanter, head of the DOJ's Antitrust Division - have they identified the right problem, but the wrong solution? Can modernizing how the U.S. However, any time I hear anyone advocate a set of solutions quote 'to solve every one of these problems,' it also sounds more than a little bit like fairy dust. In episode three of this series, we talked about the successes of the trustbusting progressive era.
If you look over here into this toolbox, what you see is this set of tools that Americans created over the course of 200 years, two centuries, to solve every one of these problems.ĬHAKRABARTI: Lynn's evocation of history is justified. With the last words of the show uttered by Barry Lynn, executive director of the Open Markets Institute.īARRY LYNN : Well, what will allow us to recapture our foundational liberties is to empower every single citizen in the United States to understand what is the threat, which is that when you allow concentration of power over communications, Google and Facebook, power a concentration of power over the basic things of life.
To understand just how powerfully these reformers believe it's time to revamp antitrust regulation, let's pick up right where we left off yesterday. All this week, we've been looking at the view ascendant now among key members of the Biden administration that corporate monopolies don't just harm competition and consumers, they harm democracy. I'm Meghna Chakrabarti and welcome to the fifth and final installment of our special weeklong series, More than money: The cost of monopolies in America. Former commissioner at the Federal Trade Commission. ( Chopra, director of the Consumer Financial Protection Bureau. Amy Klobuchar, Democratic senator from Minnesota. ( Shapiro, professor of the graduate school at the University of California, Berkeley. Author of the Age of Betrayal: The Triumph of Money in America and editor of Colossus: How the Corporation Changed America. Author of Goliath: The Hundred Year War Between Monopoly Power and Democracy. Author of the newsletter BIG about the politics of market power and antitrust. Matt Stoller, director of research at the American Economic Liberties Project.
#Monopoly examples in real life series#
Today, On Point: The concluding episode of our special series More than money: The cost of monopolies in America discusses solutions for reining in monopoly power. Can vigorous antitrust regulation meaningfully reduce inequality, and bring about a stronger democracy? This view has champions now at the FTC and Justice Department.
#Monopoly examples in real life free#
"We have political freedoms, but on the commercial side, there is massive amounts of bribery and corruption and retaliation that is against the idea of living in a free society." Stoller says reining in monopoly power is critical to maintaining democracy. “They are competitors to the democratic state itself," Matt Stoller, director of research at the American Economic Liberties Project, says. This rebroadcast originally aired on February 18, 2022.įor antitrust reformers, the size and power of companies like Google and Facebook represent more than a threat to consumer welfare. Sign up for the On Point newsletter here. The thumbs up Like logo is shown on a sign at Facebook headquarters in Menlo Park, Calif.
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