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Re:Justice Department, states likely to bring antitrust laws... by pdonis on Friday May 15, 2020 @08:31PM (#23199194)
> You could have made the same argument about Standard Oil - until the competition were crushed and prices went up.

Prices didn't go up until the government forced Standard Oil to break up. It had nothing to do with the competition being "crushed"; it had to do with the government taking the attitude you mention, that lower consumer prices didn't matter. Which seems daft since lower consumer prices mean consumers, i.e., the people, are better off.

Re:Justice Department, states likely to bring antitrust laws... by take_a_breath on Saturday May 16, 2020 @08:06AM (#23202734)
The opposite of lower consumer prices not mattering, is lower consumer prices being the only thing that matters. It seems you are suggesting prices are the only thing. The key phrase here is “market power”, not just prices.

==since lower consumer prices mean consumers, i.e., the people, are better off.==

Over what time frame are they better off?

Are workers (also people) better off?

Re:Justice Department, states likely to bring antitrust laws... by pdonis on Sunday May 17, 2020 @12:03AM (#23209467)
> It seems you are suggesting prices are the only thing.

No, but any supposed other benefits that outweigh prices getting higher are even harder to measure, so basing government intervention on them is even harder to justify.

> Over what time frame are they better off?

Um, whatever time frame the prices are lower?

> Are workers (also people) better off?

If they have to spend less on what they need, it would seem so.

Re:Justice Department, states likely to bring antitrust laws... by take_a_breath on Sunday May 17, 2020 @01:03PM (#23213321)
“Things are hard to measure, so we should just focus on what’s easy, regardless of its actual effectiveness” doesn’t seem like a great compromise.

“Spend less on what they need” is same Walmart argument we’ve heard for decades. Meanwhile, the middle class shrinks and many of the things people need to improve their lives (shelter, healthcare, education) get more and more expensive and wages stagnate.

Re:Justice Department, states likely to bring antitrust laws... by yjftsjthsd-h on Saturday May 16, 2020 @01:02AM (#23200624)
> Which seems daft since lower consumer prices mean consumers, i.e., the people, are better off.

I don't think that necessarily follows; price is big, but not everything. I don't care how cheap products are on Amazon, I still refuse to buy computer storage or anything that goes in the human body since they are either unwilling or unable to deal with counterfeiting problem.

Re:Justice Department, states likely to bring antitrust laws... by pdonis on Saturday May 16, 2020 @01:39AM (#23200776)
> I don't care how cheap products are on Amazon, I still refuse to buy computer storage or anything that goes in the human body since they are either unwilling or unable to deal with counterfeiting problem.

Standard Oil didn't have a "counterfeiting problem", so I don't see how this is relevant to them. Or, for that matter, to any other large monopoly that has been broken up by antitrust action.

Also, you as a consumer might judge that, for example, you don't trust Amazon to deliver the product you want in a certain area, regardless of how low the price is. That's fine. But that in itself is no argument for breaking up Amazon in an antitrust action. It's just an argument for not trusting Amazon for certain types of products.

Re:Justice Department, states likely to bring antitrust laws... by kd5bjo on Saturday May 16, 2020 @06:26AM (#23202247)
The issue is the consumer harm that comes from the combination of not trusting Amazon to deliver the qualities you care about for a certain class of product and there being no alternative suppliers because Amazon drove them out of business.

It seems like there aren’t any middle-quality products anymore: you can buy a cheap plastic item that never works quite right and will break next month, or you can buy a chrome-plated showpiece item that costs too much. Where’s the non-disposable, ugly, bulletproof utility version these days?

Re:Justice Department, states likely to bring antitrust laws... by pdonis on Sunday May 17, 2020 @12:06AM (#23209479)
> It seems like there aren’t any middle-quality products anymore

I think there still are, but I agree it's very hard to find any on Amazon, at least in a lot of product categories. You have to spend time trawling actual brick and mortar stores.