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"whether a company’s dominant position in an industry hurt consumers (ie created higher prices)." Exactly. Thank you. It's a bummer that the rest of the topi
by PorterDuff 7y ago
"whether a company’s dominant position in an industry hurt consumers (ie created higher prices)."
Exactly. Thank you. It's a bummer that the rest of the topic turned into some kind of healthcare talkathon (like the topic on California employment law for contractors).
I picked up the same overview on antitrust from The Age of Surveillance Capitalism. The new, scary angle is that defacto monopolies are being built around surveillance, not building cars or pumping oil.
A quick wikipedia quote concerning Bork's book on the matter:
"Bork argues that Congress enacted the Sherman Act as a "consumer welfare prescription."[4] The Supreme Court embraced this view in Reiter v. Sonotone Corp., 442 U.S. 330 (1979) and in all subsequent decisions."