Re:How Apple Cheats
by endersshadow on Wednesday May 28, 2014 @09:19AM
(#7809723)
It's not just the person you're responding to--the FTC looks only at relatively pure monopolies for anti-trust violations. There are lots of things that are legal as a player in a competitive market versus illegal as a monopoly. The US has a long history with pure monopolies, which are why the laws are the way they are.
You can argue until you're blue in the face that the FTC should look at other things, as well, but I'm not sure you'll get very far.
The SEC has nothing to do with enforcement of antitrust law. The Federal Trade Commission and the Department of Justice share that responsibility.
Re:How Apple Cheats
by endersshadow on Wednesday May 28, 2014 @10:34AM
(#7810133)
You're right, I'm sorry--it was early and I got my initialisms wrong. Thank you for the correction--I'll correct my post.
Re:How Apple Cheats
by GrinningFool on Wednesday May 28, 2014 @09:53AM
(#7809881)
But from a legal perspective [IANAL, but I'm pretty confident on this one], they can engineer the system to give them an advantage as long as they don't have an monopoly. When a company is a monopoly, new rules do apply.
Anti competitive practices are illegal, not monopolies.
Re:How Apple Cheats
by GrinningFool on Wednesday May 28, 2014 @11:11AM
(#7810354)
A broad range of anti-competitive practices are illegal when you are a monopoly.
A much narrower range of anti-competitive practices are illegal when you are not a monopoly.
It's not useful to focus only on pure monopoly. From an economics perspective, there are plenty of other market structures which can be damaging for consumers.