Unlocking Innovation Through Antitrust Enforcement — ft. Lina Khan | Prof G Markets

This week on Prof G Markets, Scott and Ed open the show by discussing China’s stock market surge, Softbank’s investment in OpenAI, and why Gavin Newsom vetoed an AI safety bill. Then Lina Khan, Chair of the Federal Trade Commission, joins the show to discuss the need for regulation in big tech and the connection between inflation and the concentration of industries. She also breaks down how the FTC analyzes mergers and acquisitions, and explains how the FTC measures consumer harm.

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Timestamps:
00:00 - Today's number
00:18 - Today's episode
00:54 - Headlines
21:28 - Break
21:43 - Unlocking Innovation Through Antitrust Enforcement — ft. Lina Khan
21:52 - Which sectors do you think are most concentrated?
23:19 - Why do you think America became less strict about regulating monopolies?
25:01 - What is the connection between inflation and the concentration of industries?
27:23 - What are specific examples of corporations that have been broken up and how it benefited the consumer?
29:04 - What are you focused on in the AI industry right now?
30:42 - What is your take on the idea of companies gaining influence through investment instead of acquisition?
32:47 - Do you think we’re going to see more breakups?
35:21 - Break
35:31 - How do you decide which companies are potential monopolies and which are not?
38:54 - How do we measure when consumers are being harmed by monopolies?
41:07 - What would a prophylactic approach to antitrust look like when you have a single firm that is dominating an emerging market?
43:29 - To what extent does the FTC communicate with Congress?
44:58 - What advice would you give to young people who are experiencing stress?
47:57 - Conclusion

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Headlines:
Chinese stocks surge 8.5% in best day since 2008

Softbank to Invest $500 Million in OpenAI

California’s Gavin Newsom Vetoes Controversial AI Safety Bill

#business #news #tech #finance #stockmarket #profg #scottgalloway #profgmarkets #ai #earnings #stocks #investmentstrategies #investment #investing #linakhan #chinastock #chinesestock #softbank #openai #samaltman #gavinnewsom #ftc #monopoly #inflation #ai #congress #advice

[jamespardue]

WOW, the woman is the smartest communicator of complex ideas and issues, it's comforting to see that there's still people in government who recognize talent when they see it, and people like Lina who are willing to step into the breach and serve in a thankless and lower paying job than she would be able to snag in the private sector. She's invaluable to the country.

[WelfareChrist]

I don’t know if it’s her or the fact I’m turning 40 this year but Lina Khan is the first time I’ve been this enthusiastic about a bureaucratic government administrator. I haven’t seen the government make this many pro-competitive, pro-consumer moves in a long time.

[WillSenyo]

I’ve been active on YouTube for 13 years and never felt compelled to comment on a single video. But a video with Chair Khan warrants my first ever comment. Attracting people like this young woman is what the framers of our modern democracy had in mind when they designed government institutions. Sharp intellect, acts fearlessly for the public good, morally incorruptible, compelling mission, dedicated, consistent and operating with a philosophical frame that is grounded in truth and data. You have to be a truly blinded ideologue to hate her work! In a world driven by the cynical worship of money, Lina is a rare shinning light. It gives me hope that the next generation of leaders may not all be lost in the sea of bullshit culture wars. Some young people can see clearly and refuse to act against their own interest in service of the corporate oligarchs

[julianbailey]

Lina Khan is a national treasure; old money and new money is afraid of her because she’s bring balance to this crazy country. From making inhalers to going after price gouging this woman needs to get the medal of freedom 🙌🏾

[dougw]

Good get, boys, fantastic discussion, Chair Khan rules!

[mrjgilbert]

Lina Khan and her team are the best. Our economy has been captured and rent-seeked to death. To make up for the last 50 years, we will need decades of leadership like hers to rebalance the whole system.

[RyanMcCarthy]

Crazy how Scott G is laser focused on her answering..

[jannichi]

US loves Lina, she understands wealth gap.
Screw All In pod

[brettreilly]

As always a wonderful blend of buffoonery and brilliance. Great guests and great questions. Thank you.

[SkyNhett]

Lets see what Scott thinks of Lina after she poaches Ed 😁

[pml]

Great interview! Chair Khan is a troublemaker whom I like.

[watson]

Would love to have her as Chair for another 8 years. The work her and her team are doing at the FTC is so great for US innovation long term, as well as overall market health, and consumer protections.

[chrisschrumm]

Lina Khan is good for business. She is just not good for those who wish to crush market dynamics and squeeze consumers. Splitting up large tech companies would create competitive value and ultimately improve the economy.

[yousunkoh]

Kahn wasn't played by Fernando Lamas. It was Ricardo Montalban, the host of Fantasy Island

[ilaxdal]

OK, the bad tiger in jungle book was Sher Khan, which is what makes the name sound so badass. The Khan in the Star Trek movies was Ricardo Montauban (yes, Mr Rourke from Fantasy Island), not Fernando Lamas.

[KurtOsinski]

Hit 250k today. Appreciate you for all the knowledge and nuggets you had thrown my way over the last months. Started with 24k in July 2024., ., ..

[spacecadet]

Teddy bears and butterflies 🧚🏼‍♂️🧸 nice pod today tho

[Yourmission]

Lina’s been making the rounds, love that she goes full gangster on dog$hit greedy monopolies

[ItsMathematics]

Ricardo Montalban played Khan in the Star Trek movie "The Wrath of Khan".

[stevechance]

Lina Khan!!!! Wow that's a good get!!!