3 ms·

Biden signs executive order cracking down on anticompetitive economic practices

9 points by DocFeind 5y ago

nabla9 5y ago
Good luck. It will be epic battle. Big Tech is willing to spend tens of millions to fight this. They are already running subtle PR campaign against Lina Khan.
- NotSammyHagar 5y ago
  It's not very subtle.
mrkramer 5y ago
Google is too big, Facebook is too big, let's bring back Altavista and MySpace. I wonder why users left Altavista and MySpace in the first place? Maybe because Google and Facebook were better way better.
- nabla9 5y ago
  You misunderstand what this is about. 1. Having monopoly power is not illegal. 2. Misusing monopoly power is illegal. Google and Facebook are allowed to dominate the market if they don't misuse their market power.
  - mrkramer 5y ago
    I didn't misunderstand it. They are arguing that Google and Facebook are misusing monopoly power like you said but how exactly? It's not Google's fault that nobody can come up with better search engine. Go use Bing and Yahoo if you like it more than Google. I know barrier to enter and compete with Google is sky high but is anybody even trying? What about Facebook is fishy? You have plenty of competitors in the social networking industry like Twitter, Snapchat, TikTok, YouTube, Telegram, Signal etc. My point is consumers like Google and Facebook and they are not destroying competition because competitors exist.
    - nabla9 5y ago
      > are not destroying competition because competitors exist. This is absolutist fallacy.
readflaggedcomm 5y ago
The article includes more hearing aids OTC. That's a restriction enforced by the FDA, the impacts of which were already being reduced by new law*. I suspect cheap, unregulated hearing aids may have been threatening the entrenched players protected by existing law, but this and the 2017 act don't seem to do as much as they could to allow these things to be as cheap as they really are. * https://www.consumerreports.org/hearing-aids/over-the-counter-hearing-aids-to-become-available/ https://www.consumerreports.org/hearing-aids/over-the-counte...

9 points by DocFeind 5y ago

Good luck. It will be epic battle. Big Tech is willing to spend tens of millions to fight this. They are already running subtle PR campaign against Lina Khan.

NotSammyHagar 5y ago
It's not very subtle.

mrkramer 5y ago

Google is too big, Facebook is too big, let's bring back Altavista and MySpace. I wonder why users left Altavista and MySpace in the first place? Maybe because Google and Facebook were better way better.

nabla9 5y ago
You misunderstand what this is about. 1. Having monopoly power is not illegal. 2. Misusing monopoly power is illegal. Google and Facebook are allowed to dominate the market if they don't misuse their market power.
- mrkramer 5y ago
  I didn't misunderstand it. They are arguing that Google and Facebook are misusing monopoly power like you said but how exactly? It's not Google's fault that nobody can come up with better search engine. Go use Bing and Yahoo if you like it more than Google. I know barrier to enter and compete with Google is sky high but is anybody even trying? What about Facebook is fishy? You have plenty of competitors in the social networking industry like Twitter, Snapchat, TikTok, YouTube, Telegram, Signal etc. My point is consumers like Google and Facebook and they are not destroying competition because competitors exist.
  - nabla9 5y ago
    > are not destroying competition because competitors exist. This is absolutist fallacy.

readflaggedcomm 5y ago

The article includes more hearing aids OTC. That's a restriction enforced by the FDA, the impacts of which were already being reduced by new law*. I suspect cheap, unregulated hearing aids may have been threatening the entrenched players protected by existing law, but this and the 2017 act don't seem to do as much as they could to allow these things to be as cheap as they really are. * https://www.consumerreports.org/hearing-aids/over-the-counter-hearing-aids-to-become-available/ https://www.consumerreports.org/hearing-aids/over-the-counte...