A Masterclass on Antitrust (All You Need to Know) | The Prof G Show

On this episode of The Prof G Show, Scott Galloway dives into the role monopolies play in the United States and discusses everything you need to know about antitrust in 2020.
0:00 The Beginning of the End
1:35 Act I: The Gilded Age
3:35 Act II: The Progressive Era
5:29 Act III: The Empire Strikes Back
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[@steveelling9604]

"That's a strange way to start a conversation." Fantastic. LOL.

[@salvador_ii9771]

it was subtle, took me a second... wait a minute... haha

[@moodyabdul]

Favorite part

[@gregfeneis609]

#nevernotfunny

[@tomekzietkiewicz7673]

The moment you realise Prof G has put a suit on as he expects excerpts of this video to make it into an anti-trust hearing and wants to make sure he gets taken seriously.

[@lerroyodima9924]

Gangsta

[@FrazerEcho]

We can only wish we had a teacher/mentor like Scott Galloway growing up.

[@jfjoubertquebec]

Lester Bangs for the 2020's

[@zambeatz]

We have him now

[@matts9109]

"Hi, I'm Anna Wintour..." "Just kidding! It's the dawg!" Haha, lmao! Best video yet!

[@danielmaxperez]

As an ex Google employee I can say YOU ABSOLUTELY NAILED IT

[@Rohwit]

Prof it is not humanly not possible to love and respect you more than I already do. I love you. Love from India

[@ingolfura.4327]

How do you not have 10 million subs, this shit is gold

[@faisalahmad4471]

Prof G is the OG of economics

[@argosprtn4931]

Once again Prof G you do amazing work. Love ya for being such a forward thinker and helping me develop that skill as well.

[@TimvonHahn]

Great content, and highly entertaining! Thanks Prof G and team!

[@vladpaul01]

Man ... this shit is gold

[@thefreshserve]

Thanks for the year of insights Scott & team - here's to staying weird in 2021

[@eh7599]

Great stuff, Scott! Thank you.

[@flochfitness]

Invaluable information as usual!

[@macleanandrades4579]

Another great informative and entertaining video! Thanks Scott!

[@Chasebald]

Never realized how much he looks like Anna Wintour

[@tonerduckpin]

Great video! History and economics, my favorite topics.

[@seancoughlin4652]

Standard Oil spin-offs continued working together effectively continuing the monopoly for years after.

[@Raf-el4pu]

Love this Man sense of humour. Class

[@RaphaelRRangel]

Insightful as always, Prof G! Hopefully we are moving towards less market power and more opportunities for other firms to rise and compete. Have a great Christmas and New Year!

[@alisonwang3446]

wonderful and powerful. thanks

[@jameskresl]

Your optimism is sweet.

[@davidstrong7854]

as Usual love your videos. Almost always agree with your take!! Thanks.

[@andreworrell8407]

Yo Scott is just pure 🔥🔥🔥!

[@trimbotee4653]

Dawg - picked up your book. It's a delight.

[@matts9109]

Love the Dawg! Would love to see my Amazon stock spun off into separate AWS shares!

[@anamrahman1664]

I love this guy. His inner child is alive and well

[@Samborondon11]

Way to go Scottieeee!!!

[@KensWorld]

I love your material G man!

[@forfreedomssake4315]

POWERFUL

[@dan10400]

Prof Galloway. Really appreciate your insights. Regarding breakup values being greater than on-going values though. I am not 100% convinced that it applies in this case as the underlying 'commodities' in which these is materially different (material key word). No disagreement the conclusion that society would benefit as a whole just based on less concentration in market power.

[@ShivamSingh-jw8ey]

I am surely applying to Stern MBA this year.

[@HKG_Phooey]

You won't regret it!

[@cuysal]

Preach 🙌

[@HS-jq4go]

Love it

[@peterdaneyko284]

Favorite reference is to CEOs wishing to sit on all seven realms of their kingdom re: game of thrones... and conscience capitalism... What is the benchmark as to the timing of when to break up a monopoly for the benefit of shareholders, and the public at large? I realize, it depends on the industry and political climate, but curious about your thoughts. Your presentation is killer. I have to ask though because it is so engaging. You must script out your dialog. This is a compliment either way. The former, well that's just way too impressive.

[@HatefYaminiOnline]

Best Masterclass ever! 😂

[@PlantMusicLife]

I used to love using Instagram. The moment Facebook bought it, it went downhill. Instead of seeing posts from friends, the almighty “algorithm” decided my new friends would be the brands who pay for advertisements and my actual friends moved further down the list. To think that it used to be an app for sharing photos. Now it’s just another Amazon.

[@HassanWorld]

Scott you marketing genius.

[@VladyVeselinov]

Prof G is like the American Yanis Varoufakis

[@EVRYTHNGBEAUTIFUL]

Big dog never misses

[@watzbaer]

Thank you. Why do you think only Amazon will split up by themselves? Assuming big tech will be split up, are they now a buy? If shareholder value will be unlocked?

[@antiseth3964]

While CEOs have gotten plenty of wrist-slapping in the year and a half since this video, none of these big companies have actually been broken up yet, and they continue to hold more economic and political power than many countries.

[@kprettythejudy]

This is phenomenal content

[@G1998ish]

Always a good time when Scott wears wigs

[@TheNORegretShow]

Your mom would be proud you actually have a jacket on lol. There are 2 kids your jackets brought joy too lol.

[@jaioxung]

Here from 2022...and nothing has happened except these men have gotten even wealthier and their companies power more concentrated...😒

[@junkiesj]

U r hilarious !

[@JohnHoffman65]

I believe the inflation and shortages of products in today’s world is happening because of fixed markets and near monopolies. Examples: baby formula, toilet paper, medicines, oil.

[@reboundtalks4560]

LOOOLLLL... ALL TRUE THO

[@sybrpnk]

he's not a scholar, he's a baller just became my new line

[@thejudgeholden]

Serious question: would betting on big four would yield higher better returns for investor if they are broken down?

[@APAULANVRRO]

Sure, if you know when to buy and sell. Timing is everything.

[@thejudgeholden]

@@APAULANVRRO let's say you have it for a year and they are broken down, would then the value would increase?

[@APAULANVRRO]

@@thejudgeholden bet on A. Breaking FB, IG & WS is going to take a while & it’ll be volatile. Watch the market errrday, you’ll know when to quit.

[@thejudgeholden]

@@APAULANVRRO but the key we should buy before they are broken down, and sell when it's over for a higher price right? About what Scott said about Standard Oil and how the new companies actually worth more than they were combined.

[@TansuTansu2]

Have to remind myself not to bench press when Scott goes Anna Wintour.

[@LukeryaPereprygova]

From your mouth to gov's ears

[@thomassymonds6308]

+1 like for my favorite xmas gift this year, prof G as Anna Wintour. Lol!

[@mineralt]

Nice suit ....you look good when you’re not on a bender 😂🤘🏼🌶

[@marvinafonso7713]

ANYWAY!

[@APAULANVRRO]

Anyway what?

[@zeidlerei3906]

@@APAULANVRRO A N Y W A Y !

[@caffeinemike]

oh man! your editing... delivery.... everything is just.... its too much.

[@FarrFromPerfect]

All of those companies still exist in a certain extent. They have to, to maintain the brand.

[@brahmabull4004]

🗣️🗣️ BY THE WAY

[@kerrinnaude2777]

No government is good government

[@ShaftShackDotCom]

maybe in 2-3 years ;-)

[@sreerajr6470]

Whoo... A year ago he predicted that snap shares are worthless.

[@babaissues]

A year ago there wasn’t a global pandemic making people stay home and rely on these services to communicate.

[@marvincanita3829]

""They should order the natural selection special" LMAO

[@lizlemon9632]

Jokes are middle-schoolish ....but this mans’s insight is brilliant.

[@Markharlan95]

Scott isn't a SCHOLAR he is BALLER

[@OJB42]

Hard to disagree with any of that.

[@flakgun153]

The problem with this take is that in many cases, companies have near monopolies because they're outright better than the competition or the only company that is current in that space. No one wants to compete with Google. And Amazon beats the other hundreds of ecommerce providers by just being better.

[@TheMattB1984]

Your audio LEVELS ARE too HIGH for your music INTRO!!

[@lazar14]

The innovations following the break-up of AT&T could also have been due to the loosening of regulatory oversight. Correlation does not imply causation - you should at least mention the alternative interpretations to the points you are making. But I see you deliberately ignore facts that do not fit your narrative. It is a shame to see academics adopt the mantle of gurus and pamphleteers instead of trying to present unbiased facts and stimulate reasoned discussion. Or maybe you should stick to marketing, and leave antitrust to the experts.

[@stephanieornelas3176]

Scott teach me How to take advantage of an economic disaster What should I invest in RN

[@rkdesign4319]

I mean... what even is a "sex club"...?

[@APAULANVRRO]

The anachronistic law systems that govern us are BS. No one wants to propose real systematic government & economic new proposals... ( even beyond “empathic capitalism”) there’s so much unexplored...... I’m a lawyer but cannot practice in the U.S., However, I have not used social media since 2017, precisely because I knew where this little game was heading towards. Plus Instagram gave me “community guidelines” for posting Helmut Newton Art.... unreal. They have porn everyone & do not know the distinction from art. I refuse to shop Amazon. Help! I’m ati-world. Hasn’t anyone woken up after “Fuck Rona”?

[@hadarraz33]

Well where is the fun in all this?

[@Spillly]

First 👊🏼

[@andrewstopa5559]

I wonder what's gonna happen now that Jeff Bezos is stepping down from Amazon. You also had Bill Gates step down this last year too. Coincidence? Idk, you tell me....

[@johnnytshi]

Respect the info as always, but maybe tune down the Jim Cramer vibe, you are way better than that in my mind

[@waderen1]

really hate his shouting

[@Jay21121]

Again he ruins any worthwhile thoughts with his liberal bias.

[@RaphaelCGA]

enjoy getting silenced off of the major platform on the internet like a good portion of the right has been then. Your support of allowing fraudsters to run free (via MLMs) and your love of monopolies is a huge part of the reason silicon valley has the power it does.

[@nigelthiel5764]

@@RaphaelCGA Straw-man much?