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"Does not like Amazon" or "do not like big business" is an awfully unchariable way to frame it: She believes that "the current framework in antitrust —specifica
by LeifCarrotson 4y ago
"Does not like Amazon" or "do not like big business" is an awfully unchariable way to frame it: She believes that "the current framework in antitrust —specifically its pegging competition to 'consumer welfare,' defined as short-term price effects— is unequipped to capture the architecture of market power in the modern economy."
The FTC exists "to protect the public from deceptive or unfair business practices and from unfair methods of competition through law enforcement, advocacy, research, and education."[1] When Amazon and other big businesses harm the public through predatory pricing and other anticompetitive business practices, it's the FTC's obvious charter to do whatever they can to stop those businesses, whoever they are and whatever they're doing.
[1] https://www.ftc.gov/about-ftc/mission https://www.ftc.gov/about-ftc/mission