Steve Salop
@stevesalop.bsky.social
2.5K followers 480 following 410 posts
Prof of Econ & Law Emeritus, Georgetown Law Antitrust & Competition, IO Econ, Law and Psych Post-Chicago & Still Evolving https://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=68535 https://www.law.georgetown.edu/faculty/steven-c-salop/
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Reposted by Steve Salop
Reposted by Steve Salop
stevesalop.bsky.social
Creating chaos is his brand
stevesalop.bsky.social
Must read article by Mark Lemley
marklemley.bsky.social
My paper "Free the Market: How We Can Save Capitalism from the Capitalists" is now published in the UC Law Journal. I argue that capitalists do everything in their power to prevent competition and market transparency and that we have indulged them too long

www.hastingslawjournal.org/free-the-mar...
Free the Market: How We Can Save Capitalism from the Capitalists | UC Law Journal
www.hastingslawjournal.org
stevesalop.bsky.social
It sounded like the FTC trial team did not think they had enough time. And on the webinar today, it sounded like they did not have the resources for experts. But given that, they probably should’ve dropped the count.

like the way the DOJ should’ve dropped AT&T/TW when they drew Judge Leon.
ericposner.bsky.social
@superwuster.bsky.social @stevesalop.bsky.social @sherman1890.bsky.social The FTC really botched the labor market analysis. The court was sympathetic to their approach and accepted the market definition but complained that it was not supplied with modeling or data, not even HHIs.
stevesalop.bsky.social
It’s too bad there’s not a small tax on emails to reduce the profitability of this type of scamming spam
stevesalop.bsky.social
I think that greater emphasis on refusing to justify anti-competitive effects on workers with benefits to downstream consumers is new. Regardless of whether it ever existed in the past.
stevesalop.bsky.social
Does this mean that there is going to be an attempted coup either way? Or at least riots
pbump.com
In May, Democrats were a lot more likely than Republicans to say the other party’s candidate was too corrupt to be president. Now there’s no difference.
Analysis | Partisans are equally likely to say the other candidate is ‘too corrupt’
The big shifts in concerns about the candidates since May are driven by Republicans.
www.washingtonpost.com
stevesalop.bsky.social
Or given your field, if Boeing were to be acquired by Lockheed Martin
stevesalop.bsky.social
Yes. Or if Boeing wanted to acquire a jet engine producer or helicopter producer, or vice versa
stevesalop.bsky.social
For What Its Worth — it is forcing them to sell it, not shut it down. And whileI don’t really know anything about it, isn’t it possible that they are collecting sensitive data for the Chinese government? If people don’t trust musk , why trust them?
stevesalop.bsky.social
Yes. Duopoly. But where is the antitrust issue? Incompetence by itself does not violate the FTC Act.
stevesalop.bsky.social
If every older Democrat successfully explains to a younger person that retaining democracy by electing Biden is essential, then it will be. Trump is more entertaining but detention camps and revitalized Russia power will not be.
stevesalop.bsky.social
I'm amused at antitrust lawyers trying to treat the 5th Cir decision in Illumina/Grail as an FTC loss. The Court affirmed the FTC on anticompetitive effects -- a big Win. On the sufficiency of the Illumina's voluntary fix, the Court adopted Comm Wilsons approach, but she rejected that remedy.
stevesalop.bsky.social
You are really smart. Also pretty. And clever
stevesalop.bsky.social
Also — Of course, it can be confusing for unilateral effects or coordination that will deter price decreases (ie Cellophane fallacy)
stevesalop.bsky.social
You really can just treat competition from non-merging firms as possible constraints. See the way Posner wrote HCA. But I agree that the hypo monopoly test is useful where the allegation is that the merger would lead to coordinated effects.