4.6 • 29.8K Ratings
🗓️ 1 November 2023
⏱️ 40 minutes
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0:00.0 | This is Planet Money from NPR. |
0:06.3 | Earlier this fall, a federal agency, the Federal Trade Commission, filed a high stakes lawsuit |
0:12.0 | against Amazon. |
0:13.8 | The FTC alleges that Amazon is a monopoly, and the FTC accuses the company of using anti-competitive |
0:21.2 | tactics to hold on to its market power to keep that monopoly. |
0:26.1 | This is a huge case with implications for consumers, and businesses, and digital marketplaces, |
0:33.2 | and for anti-trust law itself. |
0:36.2 | Anti-trust is the highly important but somewhat obscure body of law that deals with competition |
0:42.8 | and big business. |
0:44.8 | And so this week on Planet Money, we are doing a deep dive on anti-trust. |
0:49.6 | Now on Friday, we're going to have an interview with Lena Kahn, who is the current chair of |
0:54.4 | the FTC, you know, really the person behind this big high stakes lawsuit. |
0:59.4 | But today, we have a Planet Money double feature. |
1:02.8 | We've got two classic episodes that tell the story of how the U.S. government's approach |
1:07.6 | to big business and competition has changed over time. |
1:11.8 | Part one is about a moment more than a hundred years ago when it seemed like a few companies |
1:16.4 | were taking over America, and the government stepped in to the free market in a big way |
1:20.9 | to make competition work. |
1:23.3 | Here is that story. |
1:30.5 | The history of breaking up big companies in America arguably starts at an old house in |
1:36.7 | Titusville, Pennsylvania, the childhood home of a woman named Aida Tarval. |
1:42.3 | The house is still standing. |
... |
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