There’s Nothing Standard about Standard Oil: Lessons for Modern Antitrusters

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Unintended Consequences

Cato Institute

18 episodes

4 days ago

Unintended Consequences is the podcast of Regulation magazine, produced by the Cato Institute. Hosted by Peter Van Doren and Paul Matzko, the show explores how government interventions can have surprising—and often negative—consequences. Drawing from Regulation's in-depth policy analysis and cover stories, each episode unpacks the gap between policymakers’ intentions and the real-world outcomes that follow.

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There’s Nothing Standard about Standard Oil: Lessons for Modern Antitrusters

Unintended Consequences

33 minutes 6 seconds

2 months ago

There’s Nothing Standard about Standard Oil: Lessons for Modern Antitrusters

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.