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Cameron Armstrong
@cameron
“Under Antitrust laws, you become a criminal the moment you go into business. If you charge too much, you can be prosecuted for monopoly. If you charge too low, it’s unfair competition. If you charge the same prices as your competitors, you can be prosecuted for collusion” What’s y’all’s take on this take?
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Jack Miller
@jackm
This is factual but not truthful. For each of those, there are several specific circumstances that need to be met and many are difficult to prove in court - such as intent, measurable consumer harm, etc.
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Jack Miller
@jackm
The USSR used to have contradicting laws where you literally could arrest anybody at any time, so such a thing can exist. Some US regulators do take advantage of ambiguity to lord over companies they regulate but it’s not quite as bad as the USSR or the original post.
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Cameron Armstrong
@cameron
Thoughtful response! Elsewhere in the thread we talked about threatening disrupting mergers - how does that consistent ftc tool impact your thinking/does it at all?
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