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> It seems like reducing consumer harm should be the primary objective of regulators. You're not wrong, but the definition of "consumer harm" used in practice
by eropple 3y ago
> It seems like reducing consumer harm should be the primary objective of regulators.
You're not wrong, but the definition of "consumer harm" used in practice hinges on short-termism and is price-centered right now. "This won't raise prices...for now, at least" is, by itself, an alarmingly strong argument in this arena, irrespective of market health or sustainability of competition.
The Biden administration has made some steps to counter that, we'll see if it's really a thing.
- lazide 3y agoPersonally I’d love it if companies like Comcast, AT&T, Wells Fargo, BofA, et. al would need to compete enough that they stop being extractive and manipulative assholes at a minimum. Or at least stop being periodic criminal enterprises. Perhaps even fair and honest market participants? I guess I need to cut back on the heroin.