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0 pointsnielsbot2y ago0 comments

"The consumer welfare standard gradually replaced the rule of reason principle as the dominant legal theory behind antitrust enforcement by the 1980s."

https://en.wikipedia.org/wiki/Consumer_welfare_standard

Maybe the judges are confused, but there was a shift in enforcement around the Reagan era. I also think "consumer welfare" in this context is taken to mainly maen low pricing. That is, if a monopoly causes higher prices, then we should go after them. The DOJ going after Google and Amazon is a bit of a return to the former standard. (Source: news programs I listen to such as The Majority Report.)

0 comments

CPLX2y ago

What happened is monpolistic businesses bought off both parties and the elite law schools.

They didn’t actually rewrite antitrust law though, so it’s still there.

j / k navigate · click thread line to collapse

0 pointsnielsbot2y ago0 comments

"The consumer welfare standard gradually replaced the rule of reason principle as the dominant legal theory behind antitrust enforcement by the 1980s."

https://en.wikipedia.org/wiki/Consumer_welfare_standard

0 comments

CPLX2y ago

What happened is monpolistic businesses bought off both parties and the elite law schools.

They didn’t actually rewrite antitrust law though, so it’s still there.

j / k navigate · click thread line to collapse