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
https://www.ft.com/content/2e3b583f-a...

Softbank to Invest $500 Million in OpenAI
https://www.theinformation.com/articl...

California’s Gavin Newsom Vetoes Controversial AI Safety Bill
https://www.wsj.com/tech/ai/californi...

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