Episode
There’s Nothing Standard about Standard Oil: Lessons for Modern Antitrusters
- Podcast
- Unintended Consequences
- Published
- Sep 11, 2025
- Duration seconds
- 1986
- Processing state
not_requested- Canonical source
- https://www.cato.org/multimedia/unintended-consequences/theres-nothing-standard-about-standard-oil-lessons-modern
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Summary
The standard, classroom story about the history of antitrust starts with crusading progressive activists breaking up the Standard Oil trust in 1911 to save consumers from corporate greed. But a closer look at the case shows something rather different: a story about anti-competitive rent-seeking hidden in the guise of fighting for the little guy. Peter and Paul discuss William Shughart’s Regulation article “Reappreaising Standard Oil ” and then apply what they learn to contemporary antitrust cases like Epic Games v Apple . In conjunction with Regulation Magazine Summer 2025 edition. Hosted on Acast. See acast.com/privacy for more information.