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xgl5k | 2 years ago

FTC should go after other industries that are far more harmful to customers than tech. ISPs, healthcare/insurance, etc. Tech should be no where near the top of concerns for the FTC.

This is a political stunt. If Lena Khan and the FTC were actually interested in consumer protection, they would go after other industries first.

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enragedcacti|2 years ago

> This is a political stunt. If Lena Khan and the FTC were actually interested in consumer protection, they would go after other industries first.

Totally! As we all know, the FTC is legally bound to only doing one thing at a time.

A more aggressive FTC is starting to target drug mergers and industry middlemen: https://www.fiercehealthcare.com/regulatory/more-aggressive-...

How the FTC Is Tackling ‘Below the Radar’ Healthcare Deals : https://medcitynews.com/2023/09/how-the-ftc-is-tackling-belo...

FTC warns of ‘rampant’ pharma consolidation as it targets $28bn Amgen deal: https://www.ft.com/content/bbe06477-22e6-4d46-a4c2-03964a2f8...

FTC writing new internet rules to safeguard users’ search, health and location data: https://www.washingtontimes.com/news/2022/nov/22/ftc-writing...

seatac76|2 years ago

Tech is omnipresent, is flush with cash that it frequently uses to disrupt (drive existing businesses out and then monopolize) and has an outsize influence on people. It absolutely should be first on the list for anti trust action. and it’s Lina Khan.

xgl5k|2 years ago

Most of the disruption is done by startups not the big companies.

The influence is nowhere near as negative as the impact from the other industries I mentioned.

They gained gained market share by providing better goods and services than the alternatives.

Still, there are viable alternatives to essentially every good or service provided by these companies.

fallingknife|2 years ago

The only actual monopoly in the tech industry is Google search. There is also a very concerning duopoly with Google / Apple app stores controlling all software loaded on mobile OS that needs to be forced to allow alternate channels. Besides that, I can't think of anything in tech that is actually a concerning monopoly. Amazon has no such monopoly position in e-commerce. The market share really isn't that big.

Zigurd|2 years ago

Big tech is no longer the disruptor. Mature big tech way too easily devolves into rent-seeking just like those other industries you listed, just with shinier tech.

xgl5k|2 years ago

Tech is still immature compared to those other industries. I believe generally the more mature an industry is, the more it moves from disruption to rent-seeking. There may be a time at some point in the future to consider breaking up tech when but right now it makes more sense to break up the more mature industries.