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> The government needs to take action. The government is taking action. The government is in on this consolidation via investments, contracts, preferential leg
by briantakita 5y ago
> The government needs to take action.
The government is taking action. The government is in on this consolidation via investments, contracts, preferential legal & tax treatment, etc. Think about this from the government's perspective. The government would rather govern a small number of large entities instead of a large number of small entities, thus the government is incentivized to favor monopolies/oliogopolies. The government itself is a monopoly of power in many domains.
Sure, the government may intervene with a company getting too big, but the intervention is so the government can gain a foothold with that company. e.g. any telecommunications platform will need to have back doors for the law enforcement agencies or said telecommunications platform will not be allowed to operate.
- Wowfunhappy 5y ago> Think about this from the government's perspective. The government would rather govern a small number of large entities instead of a large number of small entities, thus the government is incentivized to favor monopolies/oliogopolies. According to what incentives? The government’s responsibility is to the country at large.
- underdown 5y agoThe business is incentivized to lobby regulators and eliminate price competitors.
- akira2501 5y ago> The government is taking action. Congress sure is, as it was with Standard Oil. It was the Supreme Court that saved us that time, I'm not sure what our hope is now.