Re:Facebook Messenger, Instagram and WhatsApp Outage
by sanatkapur on Thursday December 10, 2020 @02:33PM
(#25377528)
If you're curious about how this changed, "Amazon's Antitrust Paradox" by Lina Khan article is a wonderful read: https://digitalcommons.law.yale.edu/cgi/viewcontent.cgi?arti...
The summary is that the Chicago school of Economics promoted the idea that in a competitive market, predatory pricing is not possible. Thus, when you see an industry structure emerge (e.g. duopoly), you should assume that it is an efficient competitive outcome. After this, instead of focusing on market share percentages, antitrust authorities began to focus primarily on consumer harm (which is much more challenging to show in court e.g. for predatory pricing, you cannot only argue that your competitor has very low prices right now, you also have to prove that they intend to raise prices once they achieve monopoly power).
Re:Facebook Messenger, Instagram and WhatsApp Outage
by prewett on Thursday December 10, 2020 @07:26PM
(#25380739)
The Chicago School has a bad case of thinking with their assumptions, instead of thinking to check their assumptions.
Re:Facebook Messenger, Instagram and WhatsApp Outage
by dcolkitt on Thursday December 10, 2020 @01:46PM
(#25376925)
Jurisprudence also changed on the topic since then. In particular, Robert Bork published the legal theory of consumer welfare in 1978. SCOTUS essentially adapted that wholesale into case law starting with Reiter v. Sototone.
Given the current makeup of the court, it seems extremely unlikely that the justices would overturn this precedent.
Some would argue though that back then DOJ 'cared' more.