That is, Bork claimed that a close reading of existing antitrust laws - the #ShermanAct, the #ClaytonAct, the #FTCAct - would reveal that Congress didn't want regulators or judges to prevent or break up monopolies. No no no! These laws were only drafted to punish *bad* monopolies.

A "bad monopoly" is one that uses its market power to raise prices or lower quality.

9/

Hypothetically there's another way to discipline Amazon's appetites as it gorges itself on all of us, buyer or seller: regulation. Much of Amazon's conduct falls under the broad terms "unfair and deceptive," which the #FTC has broad authority to prohibit and punish under #Section5 of the #FTCAct.

https://pluralistic.net/2023/01/10/the-courage-to-govern/#whos-in-charge

7/

Consumer groups weren't alone in sounding the alarm over the deteriorating conditions in the airline sector. In 2022, dozens of state attorneys general - Democrats and Republicans - sent open letters to Buttigieg begging him to use his broad powers as Secretary of Transport to hold the airlines accountable.

What are those powers? Well, the big one is USC40 Section 41712(a), the "unfair and deceptive" authority modeled on #Section5 of the #FTCAct.

9/

Another day, another interesting #antitrust development with this MOU on #RightToRepair #FTCAct #unfairanddeceptivepractices https://www.wsj.com/articles/deere-to-allow-farmers-to-repair-their-own-equipment-11673228580

Another day, another interesting #antitrust development with this MOU on #RightToRepair

https://wsj.com/articles/deere-to-allow-farmers-to-repair-their-own-equipment-11673228580… #FTCAct #unfairanddeceptivepractices https://www.wsj.com/articles/deere-to-allow-farmers-to-repair-their-own-equipment-11673228580