A Supreme Court Justice Is Why You Can't Buy a Car Right Now
The U.S. auto industry faces disruptions as a cyberattack on CDK Global affects car sales for 40% of franchise dealers. Dealers and customers struggle with manual processes and system vulnerabilities.
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The U.S. auto industry is facing disruptions in car sales due to a cyberattack on CDK Global, a software firm serving 40% of franchise car dealers. The attack has left thousands of dealers unable to sell cars and consumers struggling to make purchases. The incident sheds light on the impact of a 2004 Supreme Court decision authored by Antonin Scalia, which weakened anti-monopoly laws. CDK Global's software outage has led to significant challenges for dealers and customers, with some resorting to manual processes and facing issues like missing out on rebates and registration delays. The cyberattack, orchestrated by a Russian hacker group, exposed vulnerabilities in CDK Global's system, prompting demands for ransom. The response from CDK Global and its owner, Brookfield, has been criticized for lacking leadership. The incident underscores broader issues in the auto sales industry and the implications of antitrust rulings that shape market dynamics.
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3 comments> The logic from Schumpeter to Trinko is direct. And yet, it’s also quite obviously wrong. From Boeing to Too Big to Fail banks, many examples, far beyond the CDK Global and Reynolds situation, where incumbents used their consolidated position to hinder innovation and lower quality, shows that Schumpeter’s thinking about commerce is both old and odd.
That’s one way to say it. But I wonder if Schumpeter’s theory is actually proven by the fact that these examples have failed.
No, it's better to just lie about it and blame conservatives for a unanimous decision.
Ruling that the FTC did not have authority to impose such rules is hardly politicizing from the bench. That is, infact, exactly their job. Unlike, say, inventing a constitutional right to privacy out of thin air (but just try having a discussion about that without being shouted down).
Instead, what politicians, and particlarly left wingers, have consistently shown is their desire to decide market winners and losers based on their own political whims.
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The US Commerce Department banned Kaspersky's antivirus sales to new customers from July 20, limiting updates for existing users until September 29. Alleged national security concerns over Kaspersky's Russian ties prompted the ban.
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