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The USA has such a terrible track record when it comes to breaking up companies. Not what companies but break up but how to do it. Look at AT&T. The solution fo
by cletus 7y ago
The USA has such a terrible track record when it comes to breaking up companies. Not what companies but break up but how to do it. Look at AT&T. The solution for one national monopoly? Why a collection of regional monopolies of course! I mean that's what the RBOCs (Regional Bell Operating Companies) were.
So whenever I hear about some kneejerk proposal to break up tech I expect to hear someone propose that Facebook should be broken up into two companies: one for surnames A-M and another for N-Z.
I think the only tech company where you could make any case for being anticompetitive right now is Amazon. Fedex and UPS exist largely at the whim of Amazon. Any online retailer is now at a severe disadvantage to Amazon itself as well as Amazon marketplace sellers.
Second place are the two app stores.
We're living in an era where China's tech giants are tools of statecraft and not subject to the same level of scrutiny as US companies. The Chinese market is artificially restricted from competition. By any measure of government intervention China cheats here. It doesn't really seem like the right time for the US to kill the golden geese.
- milquetoastaf 7y agoFedex literally just ended their contract with Amazon lol
- malandrew 7y ago> The solution for one national monopoly? Why a collection of regional monopolies of course! Regional monopolies are far less of a threat to politicians operating at the national scale. So much of what we are observing comes down to people and institutions vying for power and trying to neuter those people and institutions in competition for that power. This is Silicon Valley (big tech) versus Washington D.C. (big government) versus NYC (big finance).