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Dan Romero
@dwr.eth
It’s only a threat of violence if it’s from the right. Otherwise, we know this is a metaphor. 🤣 https://x.com/aoc/status/1844034727935988155?s=46
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Jared 🎩
@javabu.eth
What are your thoughts on Lina Khan?
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Dan Romero
@dwr.eth
All her big tech policies have been terrible
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Jared 🎩
@javabu.eth
Can you elaborate? From the outside perspective, I'm generally supportive of breaking up monopolies and other anticompetitive practices. It seems like she's been one of the most active FTC chairs. Although I generally agree with many of Marc Cuban's takes, I saw this from him. “If it were me, I wouldn’t” keep her on as a commissioner next year. Cuban, who founded CostPlusDrugs in 2022, said he supported Khan’s efforts to regulate the pharmaceutical industry but thinks “she’s hurting more than she’s helping” by going after artificial intelligence firms. “This is about AI. It’s a zero sum race for global dominance,” Cuban added later on Tuesday on social media. “If we lose, the consequences are far more than economic.” https://qz.com/aoc-mark-cuban-kamala-harris-ftc-lina-khan-billionaire-1851669012
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Dan Romero
@dwr.eth
> From the outside perspective, I'm generally supportive of breaking up monopolies and other anticompetitive practices. It seems like she's been one of the most active FTC chairs. What does this mean practically, though? 1. How do you define monopoly? 2. Who is being harmed? 3. What is remedy? Separately, she's killed the M&A market, which has a lagging effect on overall company creation, which is good for the economy and consumers.
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Jared 🎩
@javabu.eth
1. I would define a monopoly as a corporation or corporations, if we extend to oligopolies, that can determine market outcomes through limiting competition or price fixing. 2. In the end, consumers are harmed in the end through either having to pay more for goods and services than they otherwise would in a perfect market, or through the limitation of innovation by limiting competition. 3. I guess that's the question. How do you remedy these bad actors without doing more harm than good? Is it through antitrust lawsuits, breaking up companies, or limiting mergers? So you see M&A as a net positive on the economy and consumers? Also, not asking to be combative. My undergrad was in economics but I have never worked at a for-profit company so my blinders are high.
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