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We need the old vocabulary back. Much smaller companies used to get split up, but with globalization our understanding of what a large company or what a monopo
by chmod775 5y ago
We need the old vocabulary back.
Much smaller companies used to get split up, but with globalization our understanding of what a large company or what a monopoly is changed.
When it comes to these things countries nowadays are more hands-off than they ever were. Further, advocates of these 'hands-off' approaches like to pretend we'd be returning to some ideal of old that brought prosperity and countries 'meddling' in the 'free market' is some modern fallacy, which is just revisionist history.
Edit: While the above is more personal observation than based on any hard data, there appears to be research supporting my position. This is looking like a good overview: https://som.yale.edu/faculty-research-centers/centers-initiatives/thurman-arnold-project-at-yale/antitrust-enforcement-data-0 https://som.yale.edu/faculty-research-centers/centers-initia...