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> In lieu of this what is the problem? You assertions are immaterial to the fact that they are breaking the law. Monopolies and monopolistic practices are fla

> In lieu of this what is the problem? You assertions are immaterial to the fact that they are breaking the law. Monopolies and monopolistic practices are flatly illegal. You're also viewing this exclusively through the lens of the "consumer" experience while fully ignoring the effects on the "labor" and "supplier" market. > The government seems to want to make it illegal to have a tight experience Is there some evidence that a monopoly is absolutely required to have a "tight experience?"

CubsFan1060 3y ago
Your first sentence is incorrect. Monopolies are not illegal. From the press conference this morning: "It is not illegal to hold a monopoly, Garland said. " "That may sound counterintuitive in a case intended to fight monopolies. But under US antitrust law, it is only illegal when a monopolist resorts to anticompetitive tactics, or harms competition, in an effort to maintain that monopoly." https://www.cnn.com/business/live-news/doj-apple-antitrust-lawsuit-03-21-24/index.html https://www.cnn.com/business/live-news/doj-apple-antitrust-l...
- akira2501 3y ago
  My first sentence is completely correct. I just happen to disagree with Merrick Garland's blatant misrepresentation of the Sherman Act.
  - pama 3y ago
    So if everyone else decides to exit a market, your sole product becomes illegal?
    - akira2501 3y ago
      Markets are typically broader than a single product and in the history capitalism has this actually happened?
      - thenanyu 3y ago
        yes. ASML.
      - pama 3y ago
        There is always a first entity to start any market and always a last one to exit it. So technically it happens thousand of times per day. Surely it’s not illegal. I could decide to sell a completely useless crocodile-alike decorative robot companion for programmers that includes a powerful GPU that finetune your toy language model of choice or mine crypto when the GPU is not used as a robot. It would be silly, and I’d never actually do it, but surely the FCC or justice department wouldn’t have a problem with it.
nodamage 3y ago
> Monopolies and monopolistic practices are flatly illegal. You are mistaken. Section 2 of the Sherman Act makes it unlawful for a company to "monopolize, or attempt to monopolize," trade or commerce. As that law has been interpreted, it is not illegal for a company to have a monopoly, to charge "high prices," or to try to achieve a monopoly position by what might be viewed by some as particularly aggressive methods. The law is violated only if the company tries to maintain or acquire a monopoly through unreasonable methods. For the courts, a key factor in determining what is unreasonable is whether the practice has a legitimate business justification. https://www.ftc.gov/advice-guidance/competition-guidance/guide-antitrust-laws/single-firm-conduct https://www.ftc.gov/advice-guidance/competition-guidance/gui...

CubsFan1060 3y ago

Your first sentence is incorrect. Monopolies are not illegal. From the press conference this morning: "It is not illegal to hold a monopoly, Garland said. " "That may sound counterintuitive in a case intended to fight monopolies. But under US antitrust law, it is only illegal when a monopolist resorts to anticompetitive tactics, or harms competition, in an effort to maintain that monopoly." https://www.cnn.com/business/live-news/doj-apple-antitrust-lawsuit-03-21-24/index.html https://www.cnn.com/business/live-news/doj-apple-antitrust-l...

akira2501 3y ago
My first sentence is completely correct. I just happen to disagree with Merrick Garland's blatant misrepresentation of the Sherman Act.
- pama 3y ago
  So if everyone else decides to exit a market, your sole product becomes illegal?
  - akira2501 3y ago
    Markets are typically broader than a single product and in the history capitalism has this actually happened?
    - thenanyu 3y ago
      yes. ASML.
    - pama 3y ago
      There is always a first entity to start any market and always a last one to exit it. So technically it happens thousand of times per day. Surely it’s not illegal. I could decide to sell a completely useless crocodile-alike decorative robot companion for programmers that includes a powerful GPU that finetune your toy language model of choice or mine crypto when the GPU is not used as a robot. It would be silly, and I’d never actually do it, but surely the FCC or justice department wouldn’t have a problem with it.

nodamage 3y ago

> Monopolies and monopolistic practices are flatly illegal. You are mistaken. Section 2 of the Sherman Act makes it unlawful for a company to "monopolize, or attempt to monopolize," trade or commerce. As that law has been interpreted, it is not illegal for a company to have a monopoly, to charge "high prices," or to try to achieve a monopoly position by what might be viewed by some as particularly aggressive methods. The law is violated only if the company tries to maintain or acquire a monopoly through unreasonable methods. For the courts, a key factor in determining what is unreasonable is whether the practice has a legitimate business justification. https://www.ftc.gov/advice-guidance/competition-guidance/guide-antitrust-laws/single-firm-conduct https://www.ftc.gov/advice-guidance/competition-guidance/gui...