#ftcact — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #ftcact, aggregated by home.social.
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Adobe’s hidden cancellation fee is unlawful, FTC suit says - Enlarge (credit: Bloomberg / Contributor | Bloomberg)
Adobe pr... - https://arstechnica.com/?p=2032021 #unfairbusinesspractices #federaltradecommission #subscription #deceptive #policy #ftcact #adobe #ftc
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CW: Long thread/5
If there was any doubt that Congress created the agencies as flexible, adaptive hedges against new threats, then the history of the #FTCAct should dispel it.
Congress created the #FTC through the FTCA because the courts kept misinterpreting its existing #antitrust laws, like the #ShermanAct. Companies would engage in the most obvious acts of naked, catastrophic fuckery, and judges would say, "Welp, because Congress didn't *specifically* ban this conduct, I guess it's OK."
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CW: Long thread/9
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.
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