Earlier this fall, the Federal Trade Commission filed a high-stakes lawsuit against Amazon.
In that suit, the FTC claims Amazon is a monopoly, and it accuses the company of using anti-competitive tactics to hold onto its market power. It's a big case, with implications for consumers and businesses and digital marketplaces, and for antitrust law itself. That is the highly important but somewhat obscure body of law that deals with competition and big business.
And so, this week on Planet Money, we are doing a deep dive on the history of antitrust. It begins with today's episode, a Planet Money double feature. Two classic episodes that tell the story of how the U.S. government's approach to big business and competition has changed over time.
First, the story of a moment more than 100 years ago, when the government stepped into the free market in a big way to make competition work. It's the story of John D. Rockefeller and Standard Oil, and a muckraking journalist named Ida Tarbell.
Then, we fast forward to a turning point that took antitrust in the other direction. This is the story of a lawyer named Robert Bork, who transformed the way courts would interpret antitrust law.
These episodes were produced by Sally Helm with help from Alexi Horowitz Ghazi. They were edited by Bryant Urdstadt. Alex Goldmark is Planet Money's executive producer.
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The Gist - Geese Buffalo Sensors, Prisoners On The Lam
In Philadelphia, an after-action report on the prisoners who escaped a city jail, despite the best efforts of napping and non-fence-repairing guards. Plus, the difference between an odious threat and an actual chant. And we're joined by Laura Meckler, author of Dream Town: Shaker Heights and the Quest for Racial Equity, about the Ohio suburb that tried and tried ... and still tries ... to get the thorniest question in American Education right.
Produced by Joel Patterson and Corey Wara
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Consider This from NPR - Egypt’s Border with Gaza Opened for a Select Few
After weeks of being bombarded by Israeli airstrikes, following the Hamas attacks of October 7th, some in the Gaza strip are finally able to leave the besieged territory.
Hundreds of people – including wounded Palestinians and individuals with foreign passports – have now crossed into Egypt.
The opening of the Rafah Border is a small diplomatic success in a war that has claimed the lives of thousands of civilians. But it's unclear just how many people will be allowed to make the crossing.
Consider This co-host Mary Louise Kelly speaks with NPR's Aya Batrawy, who's in Dubai and has been reporting on the situation.
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Hundreds of people – including wounded Palestinians and individuals with foreign passports – have now crossed into Egypt.
The opening of the Rafah Border is a small diplomatic success in a war that has claimed the lives of thousands of civilians. But it's unclear just how many people will be allowed to make the crossing.
Consider This co-host Mary Louise Kelly speaks with NPR's Aya Batrawy, who's in Dubai and has been reporting on the situation.
Email us at considerthis@npr.org
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Reset with Sasha-Ann Simons - Why Is There A Housing Crisis In Chicago?
Chicago is juggling multiple housing crises at once. There’s a growing number of unhoused Chicagoans; more asylum seekers are arriving in the city; and there’s a lack of affordable housing overall. Reset discusses how Chicago’s housing system has evolved over the years and explores potential solutions.
The Daily Signal - McConnell Criticizes Senate Democrats, Speaker Johnson Discusses Faith and Politics, Musk Talks George Soros in Joe Rogan Interview | Nov. 1
TOP NEWS | On today’s Daily Signal Top News, we break down:
- Senate Minority Leader Mitch McConnell, a Republican, criticized Senate Democrats over their plan to subpoena billionaires Harlan Crow and Robin Arkley II and conservative activist Leonard Leo.
- Speaker Mike Johnson opened up about his Christian faith and how it informs his politics in an interview with The Daily Signal https://www.dailysignal.com/2023/10/31/exclusive-house-speaker-mike-johnson-opens-up-about-intersection-of-faith-politics/
- Our colleague Fred Lucas reports that the House Oversight and Accountability Committee released a $40,000 check it says was laundered through a China-connected to Joe Biden in 2017, months after leaving office as vice president.
- Elon Musk, who made an appearance on Joe Rogan’s podcast, did not mince words while discussing billionaire George Soros.
Relevant Links
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First Things Podcast - Freedom and Conservatism
In this episode, R. R. Reno joins Mark Bauerlein to discuss his recent Public Square article “Free and Conservative.”
Music by User:Quinbrid (Luigi Boccherini) via Creative Commons. Track cropped.
The Bulwark Podcast - Insurrection and Its Consequences
A Colorado case will determine whether Trump should be kept off the ballot there because of that annoying little insurrection issue. Plus, founding father wisdom, the gag order is back, and a quiz on left-wing antisemitism. Ben Wittes joins Charlie Sykes for The Trump Trials.
Federalist Radio Hour - ‘You’re Wrong’ With Mollie Hemingway And David Harsanyi, Ep. 70: The Big Guy
A Chinese company funneled $40,000 to President Joe Biden. Join Federalist Editor-in-Chief Mollie Hemingway and Senior Editor David Harsanyi as they discuss the latest Biden family corruption developments, debate which countries should be eligible to receive U.S. foreign aid, express frustration at Americans' support for Hamas, and Democrats' war on the legitimacy of the Supreme Court. Mollie and David also share their culture picks for the week.
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Cato Daily Podcast - US Weapons Arm Both Israeli and Hamas Fighters
It should be troubling that the bloodshed in Israel and Gaza is being fueled somewhat by US policy with respect to weapons transfers. Where is the appetite for revisiting those polices? Jordan Cohen comments.
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CoinDesk Podcast Network - MONEY REIMAGINED: Money 2020 Spotlight | Uniting Forces – FinTech, Crypto, and Insights from Patrick Murck and Chris Brummer
Sheila Warren delves into the thrilling world of FinTech and crypto at Money 2020, with industry luminaries Patrick Murck and Chris Brummer; sharing their perspectives on the financial revolution.
This episode is sponsored by CME Group and PayPal.
In today's episode of "Money Reimagined," Sheila Warren is at the Money 20/20 Conference in Las Vegas and is joined by Georgetown Law Professor, author, and trusted advisor Chris Brummer; and Patrick Murck the President and Chief Legal Officer at Transparent Financial Systems, a member of the IMF’s High-Level Advisory Group on Fintech and an Affiliate with the Berkman Klein Center at Harvard University.
Warren, Brummer, and Murck delve into the convergence of boundaries, regulatory hurdles, and the evolution of user experience within the crypto and fintech domains.
They also touch on the tokenization of real-world assets, blockchain technology, and regulatory fit, all while considering the potential for an evolving asset class and seamless integration into traditional finance.
Links:
Chris Brummer | https://www.law.georgetown.edu/faculty/chris-brummer/
Patrick Murck | https://cyber.harvard.edu/people/pmurck
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Disclaimer:
This communication is not directed to investors located in any particular jurisdiction and is not intended to be accessed by recipients based in jurisdictions in which distribution is not permitted. The information herein should not be considered investment advice or the results of actual market experience. Past results are not necessarily indicative of future performance. Trading derivatives products involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation.
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Money Reimagined has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “The News Tonight ” by Shimmer.
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