I'm 100% With You 100% on Antitrust

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I'm with you 100% in terms of antitrust primarily, especially in the United States, is focused on consumer welfare. And it's really friggin' hard to make a case around consumer welfare when it comes to these demand-driven industries and companies that are giving things away for free. So my argument is not that the American approach is obsolete. It's that antitrust as an entire discipline is not suited to the dynamics driving these companies. I don't know what it is, but aggregation theory.

Ben and James discuss the FTC’s decision to block the acquisition of Harry’s Razors, the DTC market, and the difference between being a monopoly and being too big.

Links

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Ben Thompson: Netflix and the Conservation of Attractive Profits — Stratechery
Ben Thompson: The Local News Business Model — Stratechery
Ben Thompson: Brandless Closes, The DTC Facebook Challenge, DTC Versus Softbank — Stratechery Daily Update
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