3 ms·
Breaking up trusts definitely helped - its the concentration of wealth and non-existent trust enforcement why there's so much consolidation and market concentra
by notfromhere 7y ago
Breaking up trusts definitely helped - its the concentration of wealth and non-existent trust enforcement why there's so much consolidation and market concentration in a handful of firms.
- legitster 7y agoBreaking up Microsoft didn't necessarily help any competitors, but it definitely made their products worse. Breaking up Bell turned one giant monopoly (with a well funded research division that drove innovation) into a bunch of regional monopolies that didn't necessarily drive better consumer outcomes. Trustbusting is a very blunt instrument and there's not much data that it actually drives the results it intends. It would be better to address the market conditions that drive the industry to a monopoly.
- notfromhere 7y agothe nature of capitalist competition means that in the long-term markets will consolidate.
- debaserab2 7y agoBreaking up Microsoft absolutely helped their competitors, but not in the PC software market. There was a time when Windows tightly integrated Internet Explorer throughout the operating system to the point that using a different browser was a hassle (and would never be done by their general audience). Microsoft subverted and contorted as many industry standards as they felt like it as they attempted to turn the internet into their own walled garden right from the start. The antitrust rulings that were made undid the clamped down version of the internet that Microsoft was trying to build. I highly doubt consumers would have somehow been better off the last two decades if this ruling wasn't made.