alt Hacker NewsThe law doesn't matter, it was not made for this. Let a judge make their own interpretation. If you talk about level playing fields, then you should act like it. Not allow VCs to make piles of money to put everybody else out of business.
If this is not unfair competition, then what is?
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Judges making their own interpretation is the entire problem with anti-trust law.
The law is very explicit: no mergers or acquisitions where the "effect may be substantially to lessen competition". Not "will" lessen competition, "may" lessen competition.
The law as written should prevent basically any merger between large competitors. Judges have watered that down with bullshit about customer harm that appears nowhere in the law.
Putting people out of Jobs isn't directly an anti-trust concern.
The concern is predatory pricing [1]. Which may or may not result in job loss (the surviving company could hire/acquire the dieing companies).
[1]: https://www.ftc.gov/advice-guidance/competition-guidance/gui...
Judges are supposed to make their interpretation on the law. The law wasn't made for this? Then you better pass something that is. The alternative is to abandon the rule of law. "Just once, just for this urgent problem" rarely remains confined just to this problem. Keep the rule of law; pass a new one if you need to.
> The law doesn't matter, it was not made for this.
Not sure I'm following. This appears to be a conversation about how the law applies to the situation.
> If this is not unfair competition, then what is?
Again, "unfair competition" has a specific legal definition. If you don't care about the specifics of the law, and are just expressing your own normative opinions about how you'd prefer for certain things to play out, what is the purpose of attempting to express those opinions using specific, already existing legal terminology?