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by mindslight 2 days ago
This doesn't imply the opposite though - something that is a detriment to consumers won't necessarily be a good thing.

I feel like you're conflating two things here. The "consumer welfare standard" was indeed a terrible scam, neutralized antitrust enforcement, and basically put us in the current situation where many "choices" we have consist of two megacorps that both suck. Just like the (IIRC) Bush-era FCC declaration that "competition" between DSL and Cable was good enough, and rolled back the CLEC/ILEC dynamic.. We're in full agreement there!

But the original point I was making was about things that actually did benefit consumers. Lower prices and more competition (from foreign companies) DO benefit consumers. The problem is that they harm the part of our economy whereby those consumers get incomes. So they're a race to the bottom.

And my point there is that it's a bit hollow to be racing to the bottom for thirty years, smashing one blue collar industry after another, and then when we finally get to cars it's like oh no, time for some protectionist policy. It might be great for the people still in that industry, but hypocritical to everyone else who saw their industry destroyed but are now prevented from having less expensive cars.

As I said, with things this far gone, the only thing that makes sense to me is directly subsidizing purchases from domestic industry (positive incentive), rather than continuing to prevent competition (negative incentive). The latter reeks of the same monopolistic captive-market consolidation we've seen from the destruction of antitrust in general.