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> morphed from things around consumer harm to a new focus on harm to other ... businesses. As far as I know, it is actually the focus on "consumer harm" that i
by mpweiher 5y ago
> morphed from things around consumer harm to a new focus on harm to other ... businesses.
As far as I know, it is actually the focus on "consumer harm" that is, well was, the new thing, introduced in the 1980s under Reagan, and it largely gutted antitrust law. And that was exactly the purpose.
For much of that history, including the seminal breakup of John D. Rockefeller’s Standard Oil in 1911, the ruling antitrust theory was “harmful dominance.” That’s the idea that companies that dominate an industry are potentially dangerous merely because they are dominant. With dominance comes the ability to impose corporate will on workers, suppliers, other industries, people who live near factories, even politicians and regulators.
The election of Ronald Reagan in 1980 saw the rise of a new antitrust theory, based on “consumer welfare.” Consumer welfare advocates argue that monopolies can be efficient, able to deliver better products at lower prices to consumers, and therefore the government does us all a disservice when it indiscriminately takes on monopolies.
https://wolfstreet.com/2021/08/14/antitrust-bombshells-in-the-fine-print-executive-order-on-promoting-competition-in-the-american-economy/ https://wolfstreet.com/2021/08/14/antitrust-bombshells-in-th...
- pencilcode 5y agoMonopolies in the long term tend to lead to higher prices because without good competition what’s the incentive to sell with low profit margins? So, sell cheap for years, kill any competition, then the market is yours and you can do whatever you want to the inevitable detriment of the consumer. The consumer also looses in monopolies.
- slownews45 5y agoBut the complaints against apple have focused on things they do that at least too me seem helpful and a positive part of my experience with apple. I feel MUCH more comfortable spending money via apple then I do almost anywhere else. Software on the web - endless issues buying / refunding / renewing. And if I don't like apple (which only has like 15% market share) I can switch to any number of android phones. It's just weird seeing the FTC going after a player that is generally doing things consumers like. Meanwhile, android phones ship with rom loaded rootkits / trackers / overlays and app stores and what do we hear from FTC? Crickets - literally.
- lozenge 5y agoBut there's a lot that would help consumers that Apple conspicuously don't do. It took them ages to deal with kids making unauthorised in app purchases and AFAIK they still haven't dealt with scam apps and scam subscriptions ($150/year QR code scanning app). Consumers would appreciate PWAs but it doesn't suit Apple's corporate strategy so they are poorly supported. You can't pay through the Netflix or Kindle app due to their ridiculous rules. They look for ways to keep market dominance and move into more markets and then they think about consumer benefits they can add on the side.
- couchridr 5y agoI might add, Apple could kill the market for stolen iPhones (by preventing a phone from working when they get a bona ride police report) but they don’t.
- belorn 5y agoIf apple allowed other stores on their phones you could still buy exclusively from apple. All your applications to could have a "verified by apple" sticker. Nothing prevents apple from providing the exact same experience and still have a setting in the phone that allow third party markets from installing their applications. It would be just like the app store in windows.
- roenxi 5y ago> Nothing prevents... Nothing prevents you working 10 minutes a day on something I want you to do - and yet I suspect you will not. Apple has proven to be the most competent organisation on the planet, in the 50 odd year history of mobile phones, at getting consumers what they want. Suggesting that they should run things some other way needs some much stronger arguments and is going to be highly debatable. To get to this point they've taken on all the major tech giants, the mobile phone industry, the telecoms and various foundational web technologies (including Flash, happily) and out-competed anyone in the business of making profits. At every step of the way they proved to be much better at anticipating what was a good idea than everyone. Much more serious voices were made to look foolish than the backseat drivers. If you don't want what Apple is selling, buy something else.
- freen 5y agoMonopolies also breed more monopolies. If there is only one buyer/seller then in order to fight their price making power, you can’t form a cartel (illegal price collusion!) but you can consolidate into another monopoly and push the monopoly price making power elsewhere in your benefit.