Capitalism 101: Antitrust & Monopolies | Yaron Brook Show
Channel: Yaron Brook
Date: 2023-02-04

00:00 Intro 
00:56 Capitalism 101: Antitrust & Monopolies Intro
01:35 Elon Musk won the court case
02:06 Balloons
12:05 Biden assaulting business using antitrust 
14:33 He faces no opposition to this
16:08 40 years consensus to not use antitrust too frequently  
18:30 This has now completely changed
21:05 Biden's executive order
23:30 Perfect competition model
26:45 It has been picked up by egalitarians
28:18 It is one of the most destructive ideas in economics
30:50 Competition is not essence of Capitalism
32:00 Perfect competition model is anti reality
34:10 Peter Thiel's view of Monopoly
35:00 What is a Monopoly, see http://aynrandlexicon.com/lexicon/monopoly.html 
36:10 Confusion between Economic and Political power, see http://aynrandlexicon.com/lexicon/economic_power_vs_political_power.html
41:00 In free market there are no true monopolies, see http://aynrandlexicon.com/lexicon/free_market.html
44:13 Fear of big business is international, see http://aynrandlexicon.com/lexicon/antitrust_laws.html
45:44 Non-objective laws, see http://aynrandlexicon.com/lexicon/law,_objective_and_non-objective.html
47:18 Is Tesla a Monopoly?
48:20 It is all arbitrary
49:20 Does Apple have Monopoly?
50:50 Antitrust Examples
56:20 It is not government's business, see http://aynrandlexicon.com/lexicon/government.html
58:55 Hidden fees
1:00:01 Push for central planning
1:01:50 Under Capitalism there is no antitrust law, see http://aynrandlexicon.com/lexicon/capitalism.html

Live Questions:
1:04:42 Did you see Mr Beast paid to cure 1,000 peoples blindness, and leftists in the comment section were furious that quote "blind people had to depend on the charity of billionaires to receive basic services". As though receiving help from charity is unacceptably demeaning.
1:08:41 The modern American dream is to make so much money you don't have to care about taxes, or regulations, or who gets elected, or crime. Instead of intellectually fighting bad ideas, most successful ambitious people i know try and earn$$ there way past all the BS.
1:10:39 I recently discovered Objectivism through your lectures, and it made me experience a lot of rage. Particularly with my parents for lying to me and implanting irrational anxiety and guilt in me. Trying to suppress guilt and anxiety consumes too much energy. There is little I resent more than people taking up my energy. The Christianity I grew up with always made me resent and fear morality. Fear and resent punishment for stepping out of line, versus the prospect of showing me the path to happiness in this life.
1:15:46 I don't think people who advocate anti trust laws and regulations are necessarily evading. You don't have to evade to have low self esteem to think you can't make it on your own in a free market place. Often you can have perfectly honest mis-evaluations of yourself.
1:17:25 Matt Walsh has gone full theocratic fascist authoritarian lately. Why is the Daily Wire permitting this type of rhetoric on their platform? Will Ben Shapiro soon turn on and reign in his medieval Christian colleagues like he did with Steven Crowder?
1:21:27 Hi Yaron, I had an original idea that the speed of technological innovation could eventually outpace the state’s ability to regulate it- like an unstoppable wave of new solutions to life (AI?). Do you agree it is possible?
1:24:47 How do I send Christian a suggestion for a short video to make?
1:25:12 Hi Yaron, perhaps you have addressed this question before but what has caused gas prices to increase recently after they initially went down as the onset of winter ?
1:29:04 How do corporations determine the dividend amount for shareholders?
1:32:03 re bank stock are dividends for prime stock and common stock calculated the same or differently?
1:32:31 Question. Should a private business accept Sub contracted work like a Tender from a Government? is this coercion or not like Lockheed, roads etc
1:33:31 See pinned comment for timestamps of additional questions

1:53:33 Outro

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#antitrust #monopoly #google #apple #economics #capitalism   ​#Objectivism #AynRand #politics