Earlier quoted context omitted.
In this case the US Congress has delegated to the FTC the power to regulate competition in interstate trade and markets. The relevant law is as follows: " (1) Unfair methods of competition in or affecting commerce, and unfair or deceptive acts or practices in or affecting commerce, are hereby declared unlawful. (2) The Commission is hereby empowered and directed to prevent persons, partnerships, or corporations, exce…
The term “unfair” is extremely vague, and now (as it probably should be, IMO), laws are interpreted by the judiciary. If Congress wants a specific practice banned, then they can make a law to do so, rather than allowing unelected career bureaucrats to interpret the law as they see fit.
In any event, large decisions like this are made by political appointees appointed by the president and confirmed by the Senate.
With Chevron overturned, we are now allowing unelected career judges interpreting policy however they see fit. If we were still in a world where precedent mattered and judges set their personal beliefs about policy aside and instead neutrally interpreted conformance with the law, sure. But as we now are packing the judiciary with partisans, it seems we've just substitutef one bad for another.