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Currently, it's actually the definition of when something gets broken up or not. Anitrust today focuses on consumer wealthfare and not corporate power. However,
by lukejduncan 7y ago
Currently, it's actually the definition of when something gets broken up or not. Anitrust today focuses on consumer wealthfare and not corporate power. However, there are some politicians like Elizabeth Warren who are argueing to change that criteria. This is often referred to as "Hipster Antitrust"
https://en.wikipedia.org/wiki/Hipster_Antitrust https://en.wikipedia.org/wiki/Hipster_Antitrust
For a great series on the history of anti-trust and the current debates on its application to tech companies check out this short Planet Money Series:
Antitrust 1: Standard Oil https://www.npr.org/sections/money/2019/02/15/695131832/antitrust-1-standard-oil https://www.npr.org/sections/money/2019/02/15/695131832/anti...
Antitrust 2: The Paradox https://www.npr.org/sections/money/2019/02/20/696342011/antitrust-2-the-paradox https://www.npr.org/sections/money/2019/02/20/696342011/anti...
Antitrust 3: Big Tech https://www.npr.org/sections/money/2019/02/22/697170790/antitrust-3-big-tech https://www.npr.org/sections/money/2019/02/22/697170790/anti...
- notfromhere 7y agoHipster Antitrust is basically how antitrust used to function before Bork. Just about the same time when income inequality really started to accelerate
- lukejduncan 7y agoYeah I thought that was super interesting. The podcast covers that too.