The Pure Hatred of the New Antitrust - a podcast by Ayn Rand Institute
from 2021-08-06T15:37:02
In this episode of New Ideal Live, Onkar Ghate and Ben Bayer discuss the signs of growing animus against business"monopolies,"motivated by changing attitudes about antitrust law.
Among the topics covered:The current status of antitrust efforts;The unprecedented levels of control being proposed;The baseless claims about the harms of “anticompetitive” consolidation;The invalid economics of “perfect competition” used to support antitrust;The arbitrariness of the “public interest” standard;The abuse of the concept of “competition”;The difference between economic power and political power;The invalid concept of economic “liberty” invoked to justify antitrustThe real motive behind antitrust efforts;How honest confusion about “monopoly” lends support to antitrust law;The psychological insight of Ayn Rand’s essay “The Age of Envy”;Economic vs. geopolitical competition between countries;The proper role of government in protecting consumers against fraud.
Mentioned in the discussion are Ayn Rand’s essays “America’s Persecuted Minority: Big Business” (available in her book Capitalism: The Unknown Ideal) and “Antitrust: The Rule of Unreason” (available in her book The Voice of Reason).Podcast audio:
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