3 ms·
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. " "
by 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 agoMy first sentence is completely correct. I just happen to disagree with Merrick Garland's blatant misrepresentation of the Sherman Act.
- pama 3y agoSo if everyone else decides to exit a market, your sole product becomes illegal?
- akira2501 3y agoMarkets are typically broader than a single product and in the history capitalism has this actually happened?
- thenanyu 3y agoyes. ASML.
- pama 3y agoThere 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.