1 00:00:00,040 --> 00:00:03,600 Speaker 1: An illegal alien from Guatemala charged with raping a child 2 00:00:03,680 --> 00:00:07,480 Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador 3 00:00:07,720 --> 00:00:11,840 Speaker 1: accused of murdering a Texas man of Venezuelan charged with 4 00:00:11,920 --> 00:00:15,840 Speaker 1: filming and selling child pornography in Michigan. These are just 5 00:00:15,920 --> 00:00:19,680 Speaker 1: some of the heinous migrant criminals caught because of President 6 00:00:19,720 --> 00:00:23,320 Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States 7 00:00:23,320 --> 00:00:28,120 Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border 8 00:00:28,160 --> 00:00:31,680 Speaker 1: crossings are at the lowest levels ever recorded, and over 9 00:00:31,760 --> 00:00:34,960 Speaker 1: one hundred thousand illegal aliens have been arrested. If you 10 00:00:35,040 --> 00:00:38,920 Speaker 1: are here illegally, your next you will be fined nearly 11 00:00:39,000 --> 00:00:43,000 Speaker 1: one thousand dollars a day, imprisoned, and deported. You will 12 00:00:43,040 --> 00:00:46,680 Speaker 1: never return. But if you register using our CBP home 13 00:00:46,720 --> 00:00:50,120 Speaker 1: app and leave now, you could be allowed to return legally. 14 00:00:50,479 --> 00:00:55,240 Speaker 1: Do what's right. Leave now. Under President Trump, America's laws, 15 00:00:55,400 --> 00:00:57,840 Speaker 1: border and families will be protected. 16 00:00:57,920 --> 00:01:00,000 Speaker 2: Sponsored by the United States Department of Homeland Security. 17 00:01:00,160 --> 00:01:03,880 Speaker 3: First and foremost, can you explain the basic principles of 18 00:01:04,040 --> 00:01:10,360 Speaker 3: anti trust laws and why they are important to protecting 19 00:01:11,000 --> 00:01:12,959 Speaker 3: our economic freedoms? 20 00:01:13,720 --> 00:01:18,039 Speaker 4: For sure? So anti trust and it's related cousin the 21 00:01:18,120 --> 00:01:23,320 Speaker 4: anti monopoly framework are really about the rules that companies 22 00:01:23,400 --> 00:01:27,679 Speaker 4: have to abide by when they compete. So competition is good. 23 00:01:27,800 --> 00:01:29,640 Speaker 4: It is the law of the land in this country. 24 00:01:29,920 --> 00:01:32,880 Speaker 4: And we like competition because it basically means that companies 25 00:01:32,959 --> 00:01:36,279 Speaker 4: have to compete to provide the best service. It keeps 26 00:01:36,319 --> 00:01:40,040 Speaker 4: prices down. And what anti trust does is it prescribes 27 00:01:40,120 --> 00:01:45,440 Speaker 4: some really simple, flexible rules so that you don't have monopolies, right, 28 00:01:45,440 --> 00:01:49,840 Speaker 4: which is when one company controls, you know, the provision 29 00:01:49,880 --> 00:01:52,560 Speaker 4: of a product or a service in the market, and 30 00:01:52,800 --> 00:01:57,520 Speaker 4: when you don't have the undo accumulation of power, right, 31 00:01:57,600 --> 00:02:01,040 Speaker 4: corporate power in a market. There are different ways that 32 00:02:01,080 --> 00:02:05,920 Speaker 4: you can accumulate that power. Sometimes it's by mergers, right, 33 00:02:06,000 --> 00:02:09,400 Speaker 4: And so anti trust is applied to mergers that are 34 00:02:09,400 --> 00:02:12,679 Speaker 4: notified in the United States, typically only the biggest mergers. 35 00:02:13,240 --> 00:02:17,040 Speaker 4: And the reason it's really important to understand anti trust 36 00:02:17,160 --> 00:02:21,280 Speaker 4: for your audience, for every American to understand anti trust, 37 00:02:21,400 --> 00:02:26,480 Speaker 4: is because it is so fundamental to our full participation 38 00:02:26,960 --> 00:02:30,480 Speaker 4: in our democracy. And if I can say just a 39 00:02:30,520 --> 00:02:33,320 Speaker 4: few words about what I mean about that, I think 40 00:02:33,360 --> 00:02:38,200 Speaker 4: that black Americans have shed blood to give meaning to 41 00:02:38,320 --> 00:02:43,080 Speaker 4: this fundamental proposition that all people are created people. Our 42 00:02:43,880 --> 00:02:49,959 Speaker 4: forefathers have fought for social rights, for political rights, for example, 43 00:02:50,480 --> 00:02:53,720 Speaker 4: the right to vote. But as I've thought about this 44 00:02:53,840 --> 00:02:57,600 Speaker 4: work more and really gotten in the books and read 45 00:02:57,639 --> 00:03:01,040 Speaker 4: a lot of the thought beforehand, what I realized is 46 00:03:01,040 --> 00:03:05,760 Speaker 4: that so many civil rights leaders understood that social and 47 00:03:05,800 --> 00:03:10,520 Speaker 4: political rights standing alone would not be sufficient to protect 48 00:03:10,960 --> 00:03:14,840 Speaker 4: our full participation and our full citizenship in this country. 49 00:03:15,480 --> 00:03:18,760 Speaker 4: That you really need economic liberty as that third plank 50 00:03:19,000 --> 00:03:22,880 Speaker 4: to protect all of your other liberties. And there's really 51 00:03:22,919 --> 00:03:28,280 Speaker 4: incredible scholarship and writing from WBDU boys, m Okay, Bayard Rusten, 52 00:03:28,400 --> 00:03:32,359 Speaker 4: and others who really understood this. And so that's why 53 00:03:32,360 --> 00:03:35,720 Speaker 4: I'm so pleased to be able to talk to all 54 00:03:35,760 --> 00:03:39,160 Speaker 4: of you and your audience about why I think antitrust 55 00:03:39,360 --> 00:03:43,160 Speaker 4: is good for the entire country, but in particular Black. 56 00:03:42,880 --> 00:03:48,520 Speaker 5: Americans given the digital economy that we're in now, Like, 57 00:03:48,640 --> 00:03:52,120 Speaker 5: how important do you think it is to have the 58 00:03:52,240 --> 00:03:54,480 Speaker 5: anti trust laws and do you think some companies in 59 00:03:54,520 --> 00:03:56,960 Speaker 5: the tech space are actually too big to fail? 60 00:03:58,560 --> 00:04:01,840 Speaker 4: It's a great question. I think that let me take 61 00:04:01,880 --> 00:04:05,240 Speaker 4: a step back about digital platforms and the big tech companies. 62 00:04:05,600 --> 00:04:09,320 Speaker 4: So there you should know that the antitrust laws apply 63 00:04:09,440 --> 00:04:15,720 Speaker 4: to the entire economy, healthcare, agriculture, financial services, labor markets, 64 00:04:16,120 --> 00:04:20,320 Speaker 4: and everything in between, professional sports and education and so forth. 65 00:04:20,839 --> 00:04:23,440 Speaker 4: But you know, in the last twenty years or so, 66 00:04:24,160 --> 00:04:27,920 Speaker 4: recall that you know there was a two tiered recovery 67 00:04:28,080 --> 00:04:31,520 Speaker 4: from the financial crisis. Some people lost a lot and 68 00:04:31,560 --> 00:04:35,800 Speaker 4: never quite made up around some people lost a little bit, 69 00:04:35,880 --> 00:04:38,920 Speaker 4: and maybe you're doing a little bit better. And there's 70 00:04:38,920 --> 00:04:41,760 Speaker 4: a sense in this country for a lot of people 71 00:04:42,400 --> 00:04:45,440 Speaker 4: that economic opportunity is not what it used to be. 72 00:04:46,200 --> 00:04:50,279 Speaker 4: And the tech platforms are interesting because that sentiment that 73 00:04:50,320 --> 00:04:55,240 Speaker 4: I just described actually is true regardless of who you are, 74 00:04:55,560 --> 00:04:58,599 Speaker 4: your demographic or your political leanings. Right, so people on 75 00:04:58,640 --> 00:05:02,719 Speaker 4: the left and the right are concerned about economic opportunity 76 00:05:02,760 --> 00:05:05,280 Speaker 4: in this country. And for a lot of folks who 77 00:05:05,279 --> 00:05:10,520 Speaker 4: are self styled conservatives, they're thinking about the tech platforms 78 00:05:10,720 --> 00:05:14,080 Speaker 4: and the power that they have to censor people, the 79 00:05:14,120 --> 00:05:18,120 Speaker 4: power that they have to deplatform people, the power to 80 00:05:18,279 --> 00:05:22,560 Speaker 4: control what ideas even make it to the public. And 81 00:05:24,760 --> 00:05:27,640 Speaker 4: in the case of Google, for example, which I can 82 00:05:27,640 --> 00:05:32,479 Speaker 4: talk about because we filed monopolization cases against Google, one 83 00:05:32,480 --> 00:05:35,520 Speaker 4: of which went to trial last year and where we 84 00:05:35,560 --> 00:05:38,560 Speaker 4: look forward to closing arguments in the spring, and another 85 00:05:38,640 --> 00:05:42,040 Speaker 4: one that's going to trial this year. And so I 86 00:05:42,080 --> 00:05:46,480 Speaker 4: think that some companies are both big and do things 87 00:05:46,600 --> 00:05:48,919 Speaker 4: that are against the law. And in the case of 88 00:05:48,960 --> 00:05:52,719 Speaker 4: Google Search, that is a case about a company that 89 00:05:52,880 --> 00:05:56,800 Speaker 4: has we'll say ninety plus percent share of all the 90 00:05:56,800 --> 00:06:01,359 Speaker 4: Internet searches that are conducted every day in this country, 91 00:06:01,880 --> 00:06:05,400 Speaker 4: and they entered into agreements with. 92 00:06:07,160 --> 00:06:09,400 Speaker 6: This episode is brought to you by P and C Bank. 93 00:06:09,800 --> 00:06:12,560 Speaker 6: A lot of people think podcasts about work are boring, 94 00:06:12,800 --> 00:06:16,640 Speaker 6: and sure they definitely can be, but understanding a professionals 95 00:06:16,720 --> 00:06:19,960 Speaker 6: routine shows us how they achieve their success little by little, 96 00:06:20,320 --> 00:06:24,000 Speaker 6: day after day. 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Don't wait, don't hesitate. 121 00:07:51,560 --> 00:07:53,920 Speaker 6: Let's Square handle the back end so you can keep 122 00:07:53,960 --> 00:07:55,200 Speaker 6: pushing your vision forward. 123 00:07:57,440 --> 00:08:01,040 Speaker 1: An illegal alien from Guatemala charged with raping a child 124 00:08:01,120 --> 00:08:04,920 Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador 125 00:08:05,160 --> 00:08:09,320 Speaker 1: accused of murdering a Texas man of Venezuelan charged with 126 00:08:09,360 --> 00:08:13,280 Speaker 1: filming and selling child pornography in Michigan. These are just 127 00:08:13,360 --> 00:08:17,120 Speaker 1: some of the heinous migrant criminals caught because of President 128 00:08:17,160 --> 00:08:20,760 Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States 129 00:08:20,760 --> 00:08:25,560 Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border 130 00:08:25,600 --> 00:08:29,120 Speaker 1: crossings are at the lowest levels ever recorded, and over 131 00:08:29,200 --> 00:08:32,400 Speaker 1: one hundred thousand illegal aliens have been arrested. If you 132 00:08:32,480 --> 00:08:36,360 Speaker 1: are here illegally, your next you will be fined nearly 133 00:08:36,440 --> 00:08:40,440 Speaker 1: one thousand dollars a day, imprisoned, and deported. You will 134 00:08:40,480 --> 00:08:44,120 Speaker 1: never return. But if you register using our CBP home 135 00:08:44,160 --> 00:08:47,559 Speaker 1: app and leave now, you could be allowed to return legally. 136 00:08:47,920 --> 00:08:52,679 Speaker 1: Do what's right. Leave now. Under President Trump, America's laws, 137 00:08:52,840 --> 00:08:55,280 Speaker 1: border and families will be protected. 138 00:08:55,360 --> 00:08:57,360 Speaker 2: Sponsored by the United States Department of Homeland. 139 00:08:57,120 --> 00:09:03,679 Speaker 4: Security, browser companies, device manufacturers including your phone, device manufacturers 140 00:09:04,320 --> 00:09:09,079 Speaker 4: with wireless carriers and the like to make sure that 141 00:09:09,360 --> 00:09:13,280 Speaker 4: they were the default search engine. And what's interesting about 142 00:09:13,280 --> 00:09:16,840 Speaker 4: those digital platforms is that, like Google Search, is that 143 00:09:17,120 --> 00:09:22,720 Speaker 4: the more people use Google Search, the better the product becomes. 144 00:09:23,360 --> 00:09:29,280 Speaker 4: And it also deprives competitors of the opportunity to provide 145 00:09:29,280 --> 00:09:32,360 Speaker 4: you a product and so digital market. This is a 146 00:09:32,440 --> 00:09:36,240 Speaker 4: concept that people call network effects and such. But again, 147 00:09:36,360 --> 00:09:38,960 Speaker 4: let's zoom out and talk about why that should matter 148 00:09:39,200 --> 00:09:45,280 Speaker 4: to all people. You know, when you go and conduct 149 00:09:45,280 --> 00:09:48,680 Speaker 4: a search, you might be looking at healthcare information, you 150 00:09:48,760 --> 00:09:52,679 Speaker 4: might be thinking of reproductive information, you might be thinking 151 00:09:52,679 --> 00:09:58,040 Speaker 4: about really intimate personal decisions about how you are going 152 00:09:58,080 --> 00:10:00,160 Speaker 4: to live your life and how you're going to you 153 00:10:00,240 --> 00:10:04,360 Speaker 4: exercise your rights as a consumer. 154 00:10:04,760 --> 00:10:05,120 Speaker 3: And so. 155 00:10:07,120 --> 00:10:10,760 Speaker 4: Having competition amongst search engines to give you the very 156 00:10:10,800 --> 00:10:15,040 Speaker 4: best search results is very important. And we've seen interesting 157 00:10:15,080 --> 00:10:21,320 Speaker 4: reporting about how, you know, concerns about how search results 158 00:10:21,320 --> 00:10:26,640 Speaker 4: are delivered can actually vary information that people need, or worse, 159 00:10:26,880 --> 00:10:31,200 Speaker 4: serve up very harmful information. And again, that affects the 160 00:10:31,280 --> 00:10:34,520 Speaker 4: experience of citizenship in this country, and it's a way 161 00:10:34,559 --> 00:10:37,520 Speaker 4: that all of us feel the effects and ramifications of 162 00:10:37,760 --> 00:10:42,000 Speaker 4: corporate power in like very basic ways in our everyday life. 163 00:10:43,240 --> 00:10:46,679 Speaker 7: Yeah, it's interesting when we hear anti trust laws, we 164 00:10:46,760 --> 00:10:49,280 Speaker 7: usually again we hear Tech, we hear Google, we hear Mata, 165 00:10:49,320 --> 00:10:53,079 Speaker 7: we hear Apple. Those companies always come into into the forefront. 166 00:10:53,679 --> 00:10:56,080 Speaker 7: From a standpoint of the average day citizen, it's tough 167 00:10:56,080 --> 00:10:58,360 Speaker 7: for us to understand it or have a care base 168 00:10:58,440 --> 00:11:01,199 Speaker 7: about it because we're just so unaware. So it feels 169 00:11:01,200 --> 00:11:03,480 Speaker 7: like big brother is being watched by another big brother. 170 00:11:03,559 --> 00:11:05,840 Speaker 7: And then whatever the result is, we'll figure out how 171 00:11:05,880 --> 00:11:08,440 Speaker 7: do we get more people involved in understanding just the 172 00:11:08,520 --> 00:11:10,480 Speaker 7: ramifications of some of the things you're talking about on 173 00:11:10,520 --> 00:11:11,440 Speaker 7: an everyday basis. 174 00:11:12,360 --> 00:11:16,160 Speaker 4: So I will say that under the Biden Harris administration, 175 00:11:16,520 --> 00:11:20,400 Speaker 4: and this leadership set at the Justice Department to include 176 00:11:20,960 --> 00:11:24,440 Speaker 4: Attorney General Merrick Garland, the Assistant Attorney General in charge 177 00:11:24,440 --> 00:11:26,640 Speaker 4: of the Any Trust Division, a guy named Jonathan Canter, 178 00:11:27,440 --> 00:11:31,520 Speaker 4: and other very important figures including Lena Cohn, the chair 179 00:11:31,520 --> 00:11:35,640 Speaker 4: of the FTC in others, there has been a whole 180 00:11:35,679 --> 00:11:40,560 Speaker 4: of government approach to thinking about anti trust and competition issues. 181 00:11:40,640 --> 00:11:44,559 Speaker 4: So way back in July twenty twenty one, the President 182 00:11:44,679 --> 00:11:47,520 Speaker 4: signed an executive order where he said that it would 183 00:11:47,520 --> 00:11:51,559 Speaker 4: be the policy of his administration to take into account 184 00:11:51,679 --> 00:11:57,480 Speaker 4: competition and the benefits of competition policy and antitrust in 185 00:11:57,559 --> 00:12:01,320 Speaker 4: every single agency. So every again, the the Department of Agriculture, 186 00:12:01,400 --> 00:12:06,680 Speaker 4: the Department of Transportation, the Federal Communications Commission and more 187 00:12:06,880 --> 00:12:10,920 Speaker 4: are all a part of this effort to make sure 188 00:12:11,040 --> 00:12:14,320 Speaker 4: that they are taking into account competition principles in their 189 00:12:14,320 --> 00:12:17,319 Speaker 4: everyday work for all of us at the Any Trust Division, 190 00:12:17,960 --> 00:12:20,400 Speaker 4: or I have the distinct privilege of serving as the 191 00:12:20,440 --> 00:12:23,400 Speaker 4: second highest ranking official and working with a staff of 192 00:12:23,440 --> 00:12:27,160 Speaker 4: more than eight hundred people who are dedicated to faithfully 193 00:12:27,200 --> 00:12:31,560 Speaker 4: serving the public and bringing the benefits of competition to 194 00:12:31,640 --> 00:12:34,960 Speaker 4: everyday people. We're thinking about just how we talk to 195 00:12:35,000 --> 00:12:38,000 Speaker 4: the public right. Anti trust for a long time was 196 00:12:38,080 --> 00:12:42,400 Speaker 4: really technocratic. It was steeped and kind of murky economics. 197 00:12:42,600 --> 00:12:46,360 Speaker 4: And that's really a shame, because as I've gone back 198 00:12:46,400 --> 00:12:49,839 Speaker 4: and engaged with the history, it's clearer to me than 199 00:12:49,880 --> 00:12:52,800 Speaker 4: ever that anti trust is for all of us. And so, 200 00:12:53,320 --> 00:12:55,440 Speaker 4: for example, we are trying to make sure that we're 201 00:12:55,520 --> 00:13:02,920 Speaker 4: using plain language in our complaints, our guidance documents, or 202 00:13:02,960 --> 00:13:07,160 Speaker 4: making sure that we're not privileging a small few who 203 00:13:07,320 --> 00:13:09,360 Speaker 4: already kind of know what's going on at the Anti 204 00:13:09,400 --> 00:13:13,440 Speaker 4: Trust Division and down at the Federal Trade Commission, which 205 00:13:13,480 --> 00:13:16,760 Speaker 4: is our sister agency, and that we're setting up access 206 00:13:16,760 --> 00:13:19,880 Speaker 4: for everyday people to get the information that they need. 207 00:13:20,000 --> 00:13:23,040 Speaker 4: And so we go out and talk to as many 208 00:13:23,080 --> 00:13:26,480 Speaker 4: people as we possibly can. I'll give you just one example. 209 00:13:27,200 --> 00:13:30,079 Speaker 4: We spoke to a group of farmers that we're coming 210 00:13:30,080 --> 00:13:33,319 Speaker 4: to Washington for the day just to talk about how 211 00:13:33,320 --> 00:13:37,280 Speaker 4: we think about competition and agriculture. And we're going out 212 00:13:37,320 --> 00:13:42,000 Speaker 4: to colleges and universities, We're going out to conferences, We're 213 00:13:42,040 --> 00:13:45,840 Speaker 4: talking to content creators. We're just talking to as many 214 00:13:45,880 --> 00:13:49,120 Speaker 4: people as we possibly can because we feel so deeply 215 00:13:49,800 --> 00:13:53,720 Speaker 4: that anti trust is for the people, and we as 216 00:13:54,000 --> 00:13:58,640 Speaker 4: public servants, are obligated to protect every citizen in this country, 217 00:13:59,320 --> 00:14:02,959 Speaker 4: regardless of whether you have power, whether you don't. 218 00:14:03,160 --> 00:14:06,760 Speaker 1: An illegal alien from Guatemala charged with raping a child 219 00:14:06,840 --> 00:14:10,640 Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador 220 00:14:10,880 --> 00:14:15,000 Speaker 1: accused of murdering a Texas man of Venezuelan charged with 221 00:14:15,080 --> 00:14:18,960 Speaker 1: filming and selling child pornography in Michigan. These are just 222 00:14:19,080 --> 00:14:22,840 Speaker 1: some of the heinous migrant criminals caught because of President 223 00:14:22,880 --> 00:14:26,400 Speaker 1: Donald J. Trump's leadership. I'm Christy Noman, the United States 224 00:14:26,480 --> 00:14:31,280 Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border 225 00:14:31,280 --> 00:14:34,840 Speaker 1: crossings are at the lowest levels ever recorded, and over 226 00:14:34,920 --> 00:14:37,160 Speaker 1: one hundred thousand illegal aliens. 227 00:14:36,720 --> 00:14:37,560 Speaker 2: Have been arrested. 228 00:14:37,840 --> 00:14:41,680 Speaker 1: If you are here illegally, your next you will be fined. 229 00:14:41,760 --> 00:14:45,840 Speaker 1: Nearly one thousand dollars a day. Imprisoned and deported, you 230 00:14:45,920 --> 00:14:49,480 Speaker 1: will never return. But if you register using our CBP 231 00:14:49,640 --> 00:14:52,360 Speaker 1: home app and leave now, you could be allowed to 232 00:14:52,400 --> 00:14:57,240 Speaker 1: return legally. Do what's right. Leave now. Under President Trump 233 00:14:57,400 --> 00:15:01,000 Speaker 1: America's laws, border and families will be protected. 234 00:15:01,080 --> 00:15:03,200 Speaker 2: Sponsored by the United States Department of Homeland Security,