The Upsiders
Does it feel like your choices are getting smaller while the companies get bigger? On this week’s episode of The Upsiders, Your Friendly Neighborhood Los and Bertram dive into the "Monopoly Moment." As lovers of cities, our hosts believe that a thriving community depends on a diverse "ecosystem" of businesses, creators, and innovators, not just a few giant skyscrapers owning the whole skyline. We’re taking a look at Lina Khan, the former Commissioner of the FTC, and the "New Brandeis Movement." This isn't just about complaining about Big Tech; it’s about a pro-competition revolution that is already changing the rules of the game. In this conversation, we look back at the "Robber Barons" like Rockefeller and Carnegie to see how the original Trustbusters used the Sherman Act to spark a century of middle-class growth. We explore modern equivalents and why Meta acquiring Instagram or Amazon competing against its own third-party sellers is the 21st-century version of "Vertical Integration." The Word of the Week is Monopsony. It’s not just about one seller; it’s about one powerful buyer. We explain how giant companies use their weight to suppress wages and dictate unfair terms to small producers. Our Unsung Hero of the Upside is Louis Brandeis, the "People's Lawyer," whose 100-year-old philosophy on "Industrial Liberty" is finally the coolest thing in Washington again. The moral of the story: We have done this before, the laws are already on the books, and we are finally rediscovering the political will to use them. Breaking up a monopoly isn't just a "lawsuit"; it’s an investment in a more creative, equitable, and competitive future for everyone. SHOW NOTES: Amazon’s Antitrust Paradox by Lina Khan | Yale Law Review [https://yalelawjournal.org/pdf/e.710.Khan.805_zuvfyyeh.pdf] The Illusion of Choice: How Big Business Controls Your Life (ft. Lina Khan) | Youtube [https://www.youtube.com/watch?v=twdgxIJZDns&list=WL&index=66] Progressive Era to New Era, 1900-1929 | Library of Congress [https://www.loc.gov/classroom-materials/united-states-history-primary-source-timeline/progressive-era-to-new-era-1900-1929/] Sherman Anti-Trust Act (1890) | National Archives [https://www.archives.gov/milestone-documents/sherman-anti-trust-act] United States v. E. C. Knight | Justia [https://supreme.justia.com/cases/federal/us/156/1/] Monopsony | Investopedia [https://www.investopedia.com/terms/m/monopsony.asp] More Perfect Union: We Found Corporate America’s Biggest Enemy | Youtube [https://www.youtube.com/watch?v=J7ZdU-1fF8g&list=WL&index=62] Letter from Thomas Jefferson to James Madison (1788): Improving the Constitution | Teaching American History [https://teachingamericanhistory.org/document/letter-to-james-madison-15/] James Madison to Thomas Jefferson, 17 October 1788 | National Archives [https://founders.archives.gov/documents/Jefferson/01-14-02-0018] Prof G Markets: Unlocking Innovation Through Antitrust Enforcement — ft. Lina Khan | Youtube [https://www.youtube.com/watch?v=Ij_-e0D9E_4&list=WL&index=63] The curse of bigness | National Constitution Center [https://constitutioncenter.org/blog/the-curse-of-bigness] The Curse of Bigness: Antitrust in the New Gilded Age by Tim Wu | University of Utah [https://econ.utah.edu/antitrust-conference/session_material/Curse%20of%20the%20Bigness.pdf] Pablo Torre Finds Out: Former FTC Chair Lina Khan on Facebook, A.I., the NCAA, Steve Bannon and Fixing the McFlurry | Youtube [https://www.youtube.com/watch?v=ljndYjLpok4&list=WL&index=61]
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