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You mean like AT&T? Wasn't AT&T's monopoly in telecommunication propped up by gov't from 1910's all the way through 1980's?
by tooltalk 9y ago
You mean like AT&T? Wasn't AT&T's monopoly in telecommunication propped up by gov't from 1910's all the way through 1980's?
- jstewartmobile 9y agohttps://en.wikipedia.org/wiki/Theodore_Roosevelt#Trust_busting_and_regulation https://en.wikipedia.org/wiki/Theodore_Roosevelt#Trust_busti... Strangely enough, Nixon was also an aggressive regulator... https://en.wikipedia.org/wiki/Richard_Nixon#Domestic_policy https://en.wikipedia.org/wiki/Richard_Nixon#Domestic_policy edit: AT&T was classified as a monopoly and constrained as such. Current companies step up to the line of monopoly but no further and operate mostly without constraint.
- tooltalk 9y agoSure, but didn't AT&T continue to gouge consumers under their agreement with the gov't? and it wasn't until Thomas Carter, a private entrepreneur, challenged AT&T's monopoly in telephony that started shaking down the gov't sanctioned monopoly?
- jstewartmobile 9y agoThe Carterphone development is listed on Wikipedia[0] under "Landmark Regulatory Decision". [0] https://en.wikipedia.org/wiki/Carterfone#Landmark_regulatory_decision https://en.wikipedia.org/wiki/Carterfone#Landmark_regulatory...
- tooltalk 9y agoRight, this comes after numerous lawsuits and one humiliating defeat for AT&T and FCC in 1956.