The Ayn Rand Institute Podcast
Defend Apple Against the DOJ
Mar 25, 2024
Onkar Ghate and Elan Journo discuss the DOJ's antitrust case against Apple, defending Apple's success and innovation. They delve into the destructive nature of antitrust laws, drawing parallels with Microsoft's past struggles. Ayn Rand's perspective on antitrust as the 'rule of unreason' is explored, urging support for businesses like Apple.
32:14
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Quick takeaways
- Apple is unfairly targeted for its success, not failure, in antitrust actions.
- Antitrust interventions like DOJ's can inhibit innovation and harm companies' growth potential.
Deep dives
Antitrust Allegations Against Apple
The Department of Justice is accusing Apple of maintaining a monopoly in the smartphone market. Apple's success and profitability over the years have led to allegations of exploiting consumers and violating federal antitrust laws. The complaint suggests that Apple's dominance in the smartphone market has limited consumer choice and harmed competition, positioning Apple as a target of the Department of Justice's legal action.
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