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> Now, many years later, with seemingly no regard for settled law or the consequences to innovation and investment, the agency is saying it got it wrong and wan
by CarelessExpert 6y ago
> Now, many years later, with seemingly no regard for settled law or the consequences to innovation and investment, the agency is saying it got it wrong and wants a do-over.
Nice framing, but the FTC's rulings aren't "law", they're regulatory decisions, and they can be revisited any time they want.
In fact, it would be downright silly for that not to be the case, as it would suggest that the government cannot go back and revisit past decisions in order to intervene and address newly identified market failures that are a product of unanticipated changes in the market.