4.6 • 949 Ratings
🗓️ 4 November 2024
⏱️ 8 minutes
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0:00.0 | This is the catered daily podcast for Monday, November 4th, 2024. |
0:08.5 | I'm Caleb Brown. |
0:09.6 | A lot of criticism has been leveled at the Biden administration for the policy preferences |
0:13.9 | of its Federal Trade Commission and its leader, Lena Kahn. |
0:17.9 | But Kahn's problems with and challenges to big companies, tech and otherwise, |
0:22.6 | might fit in pretty well in a Trump-Vance administration. Kato's Jennifer Huddleston comments. |
0:29.7 | Joe Biden's FTC head, Lena Kahn, is sort of well known for broadly being more suspicious |
0:37.3 | of the activities of large tech companies. |
0:40.0 | Is that fair to say? |
0:41.1 | I would say it goes farther than just large tech companies. |
0:44.2 | While she kind of made her name on criticizing Amazon in a Yale Law Review article when she was still a student, |
0:53.1 | her approach to antitrust has been incredibly |
0:56.4 | critical of large companies in general. So while this may have started focused on tech |
1:01.7 | companies, we've seen under her leadership and under this emergence of what's been called |
1:06.4 | the Neo-Brandician or hipster antitrust movement, a return to a big as bad mindset that's |
1:13.9 | impacting everything from tech companies to grocery stores. And let's just understand what the |
1:19.4 | the quick version of why that is. Scale gives these companies some pricing power that they don't otherwise have. Is that about it? |
1:30.7 | I would say it's more than that. It's the presumption that large companies are automatically |
1:35.5 | something to be suspicious of. There should already automatically kind of be a presumption that |
1:40.3 | maybe they didn't actually earn that success. And it shifts the focus away from are large |
1:46.9 | company successful because consumers like them to this idea that there should be a certain number |
1:52.5 | of players in different markets and that those markets can be defined by the government and the |
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