Organized Money

In this discussion, Randy Arceneaux, CEO of Affiliated Foods, and Chris Jones, Chief Government Relations Officer at the National Grocers Association, reveal how giants like Walmart use their size to unfairly dominate the grocery market. They delve into the complexities of price discrimination under the Robinson-Patman Act and share insights on the struggles of independent grocers against monopolistic practices. The conversation highlights supply chain challenges post-pandemic, including shortages affecting smaller stores, and underscores the importance of fair pricing and competition in the industry.

Alvaro Bedoya, an FTC commissioner known for championing consumer rights, shares his experience with an attempted firing by President Trump. He discusses the legal precedents protecting FTC commissioners and the broader implications for presidential power. The conversation explores the agency's role in regulating corporate influence, especially concerning insulin pricing and antitrust enforcement. Bedoya emphasizes the importance of dissent within regulatory bodies to maintain accountability, highlighting challenges that small businesses face in an increasingly monopolistic market.

Cory Doctorow, a renowned author and activist known for his advocacy against monopolies, discusses the alarming trend of 'enshitification' in Big Tech. He unpacks how the initial utopian dreams of Silicon Valley transformed into profit-driven power grabs by giants like Amazon and Google. The conversation delves into the erosion of internet culture, the shift in Google's priorities from user experience to maximizing ad revenue, and the effects of monopolization on creativity in publishing. Doctorow highlights the urgent need for interoperability and competition in tech.

Rich Ham, CEO of FineTune and procurement expert, joins the discussion to unpack the labyrinth of corporate efficiency and waste. He reveals how companies often squander money through poor purchasing practices, questioning whether drastic budget cuts, like those employed by Elon Musk, genuinely foster savings or lead to costly setbacks. The conversation draws parallels to 'Office Space', shedding light on the struggles faced by procurement teams and the tactics suppliers use to exploit inefficiencies, ultimately emphasizing the need for better strategic decision-making.

What does it look like when government actually works for the people? Matt and David explore this question with Lina Khan, whose groundbreaking tenure as FTC Chair rewrote the playbook for federal agencies. Khan details how she transformed an understaffed agency into the spearhead of a governance revolution - confronting corporate giants, championing consumer rights, and proving that government can be a powerful force for positive change. Their conversation offers a window into a transformative moment in American governance, where old assumptions about corporate power are being challenged and new possibilities are emerging.

When it comes to utilities - why are we paying so much for service that can be so unreliable? In this episode, Matt and David expose how a small group of economists and some untrustworthy models have allowed utility companies to inflate rates and spend on dubious projects. Former utility executive Mark Ellis helps explain the "scam" that has misled regulators and advocates, leading to excessive profits for investor-owned utilities at our expense. They break down utility regulation, how rates are set, and the surprising difference in rate increases between investor-owned and public utilities. Prepare to demand some serious reform!Read Mark's report: Rate of Return Equals Cost of Capital: A Simple, Fair Formula to Stop Investor-Owned Utilities from Overcharging the Public

Doha Mekki, the former head of the DOJ Antitrust Division, shares her insights from landmark cases, including the Google search case. She likens antitrust enforcement to 'policing for white collar crime,' all while operating on a budget dwarfed by tech giants. Mekki delves into the complexities of investigating monopolies, emphasizing the role of citizen tips and expert testimony. She discusses the generational shift in attitudes toward antitrust, highlighting a newfound willingness among younger conservatives to support government intervention in the market.

The recent egg shortages and avian flu outbreaks aren't just hurting our pocketbooks, they reveal how the consolidation of American agriculture has created dangerous vulnerabilities in our food system. David and Matt dive deep into the precarious state of American farming with Jeff Bender, a North Carolina farmer with 40 years of experience. Bender explains how farming has transformed from the diverse "Old MacDonald" model of small family farms to a rigid, industrial system dominated by monocultures and massive operations, where a single disease outbreak could devastate entire sectors of food production. 

When Congress moved to force TikTok's sale from its Chinese parent company ByteDance, it sparked a complex battle over national security, free speech, and the future of tech regulation. Matt and David bring together unlikely allies Zephyr Teachout, a progressive law professor, and Joel Thayer, a conservative tech policy expert, who co-authored a Supreme Court brief supporting the law. They reveal how TikTok's case could reshape how we regulate Big Tech, exploring thorny questions about algorithmic control, foreign ownership of communications infrastructure, and whether Americans should trust Silicon Valley any more than Beijing. The episode offers a surprisingly hopeful take on a watershed moment in the ongoing struggle to govern digital platforms, suggesting that meaningful tech regulation might finally be possible – if we're willing to try.

Donald Trump is president, but just before he took office, the heads of the agencies that did most of the governing in the Biden era got to work. The Federal Trade Commission, the antitrust division of the Justice Department and the Consumer Financial Protection Bureau got to work, finalizing a flurry of new rules, lawsuits, enforcement actions, and challenges to the most powerful companies in the country. These were actions that these agencies worked on for years, that they put through just under the wire. It really paints a picture of what we've lost—and what we can have again, throughout the executive branch, if people just decide to govern. On this episode, Matt and Dave do a lightning round of actions from these three agencies in the past three weeks, and explain both why we'll miss this work in the future, and why some of it may just endure."Most Americans know their food passes through many hands before reaching their plates, but few realize just how concentrated that chain of production has become. In this final episode of the season, antitrust lawyer Basel Musharbash reveals how roughly three dozen corporations have come to dominate nearly every aspect of America's food system, from farm to table.Read the FTC report mentioned in the episode here: www.ftc.gov/system/files/ftc_gov/pdf/ftc-accomplishments-june-2021-january-2025.pdf