Friedberg: Abandoning price-based antitrust metrics for subjective consumer predictions is dangerous
David Friedberg · E36: New FTC Chair, breaking up big tech, government silent spying, Jon Stewart, wildfires & more · Jun 18, 2021 · at 35:18
David Friedberg expresses concern over proposed shifts in FTC regulatory standards regarding tech monopolies during a discussion on FTC Chair Lina Khan on The All-In Podcast.
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“And so it is a very dangerous and kind of slippery slope to end up in this world, where the judgment of some regulator about what's best for consumers long term, versus the cold hard facts. Oh, prices went up prices didn't, you know, but really saying, Well, this could affect you in the future in this way, starts to become kind of a really, you know, scary and slippery slope. If we kind of embrace this new regulatory order.”
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