Former IEP Senior Fellow Joshua Wright, currently a commissioner at the Federal Trade Commission, gave a strong dissent to an FTC settlement with Apple Inc. The Wall Street Journal ran an article describing Wright’s objections to the settlement. As stated in the article:
In his dissent Mr. Wright, an expert in law and economics formerly with George Mason University, said the FTC majority ignored the legal requirement that the agency find a “substantial injury to consumers which is not reasonably avoidable” and that regulators conduct a cost-benefit analysis to ensure that any damage caused by the alleged unfair practice is “not outweighed by countervailing benefits to consumers or competition.”
Read the article in the Wall Street Journal here.
The full text of Joshua Wright’s dissent can be found here.