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> What people also don't seem to realize is that the US has serious anti-monopoly laws on the books Not true. At all. We have a weak Anti-Trust law that most J
by hacknat 10y ago
> What people also don't seem to realize is that the US has serious anti-monopoly laws on the books
Not true. At all. We have a weak Anti-Trust law that most Justice departments are squeamish about enforcing.
- zeteo 10y agoThe laws are very strong. Back in the day, they would block a merger if it affected 7% of a market, and vertical integration was a big no-no. None of those laws have been repealed. The enforcement guidelines were weakened during the Reagan administration (a big factor in the rise of e.g. Walmart) but they're still strong enough to block plenty of mergers and allow the occasional Sherman Act prosecution. I agree with you that it's a lack of political will, but politics has been very unpredictable lately.
- hueving 10y agoA weak law is not the same as an unenforced strong law. An unenforced strong law can become enforced essentially overnight and wipe out those violating it.