5 ms·
My understanding is it's the precedent from the past 50 years, rather than the law, that emphasizes "consumer welfare". Source: Matt Stoller's book "Goliath".
by fourthark 3y ago
My understanding is it's the precedent from the past 50 years, rather than the law, that emphasizes "consumer welfare".
Source: Matt Stoller's book "Goliath".
- AlbertCory 3y agoPrecedents are the law (if the decision is considered "precedential").
- bbatha 3y agoHowever, precedents can also be changed by the court system. So using the FTC as a lever to change precedent is in fact potential route to change the law. It may even be the only option with congress's dysfunction.
- AlbertCory 3y ago> the only option with congress's dysfunction. wrong. Executive action "because Congress doesn't work" is the path to dictatorship. You're right that courts can overrule precedent, but they're generally quite reluctant to do that.
- bbatha 3y agoThis isn't the FTC denying these arbitrarily though so isn't just "executive action", this is using the enforcement making power that congress duly granted to agency to bring law suits. If the courts agreed that precedent needs to change that's checks and balances working.
- AlbertCory 3y ago> the enforcement making power that congress duly granted to agency to bring law suits. wrong again. See the "major questions" decisions from SCOTUS. Congress didn't grant them to power to do whatever they feel like.
- bbatha 3y agoPlease tell me what major question this is violating? Anti-trust law is explicitly given in its ability to bring suit to these companies. The consumer harm standard isn't even a part of the law arguably the consumer harm standard should be overturned by the major questions doctrine since the court wrote the rule into the law wholesale without congresses directive decades after the law was written.
- AlbertCory 3y agoIsn't the DOJ the usual agency for antitrust complaints like this? Incidentally, since you're regressing on the "consumer harm isn't even part of the law" thing, which you've already lost -- we're done here.
- bbatha 3y agoBoth are, the FTC was created with shared jurisdiction on matters of anti-trust. However, the supreme court recently limited that to injunctive powers https://en.wikipedia.org/wiki/AMG_Capital_Management,_LLC_v._FTC https://en.wikipedia.org/wiki/AMG_Capital_Management,_LLC_v.... relief would be through a DOJ suit or via state AGs