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The anti trust break up of AT&T led to disruptive innovation, like mass produced cell phones. I personally can't wait for the AI revolution that will occur whe
by veerabadhra 5y ago
The anti trust break up of AT&T led to disruptive innovation, like mass produced cell phones. I personally can't wait for the AI revolution that will occur when Google is broken up. The Big Tech incumbents need to die out, because innovation stagnates in these monopolies.
- snicker7 5y agoWe also lost Bell labs.
- kgwgk 5y ago> innovation stagnates in these monopolies Bell Labs managed to come up with a couple of interesting things, though.
- wittycardio 5y agoGoogle and Facebook are amongst the most important sponsors of scientific research in the world. Why would you want to destroy that. The internet is a winner take all industry , all things considered the current winners are pretty good. Why ruin that for narrow political goals
- iammisc 5y ago> all things considered the current winners are pretty good Quite literally, the representatives of >50% of the country disagree with you.
- dnissley 5y agoHow much consideration do you think the average representative put into their decision?
- wittycardio 5y agoYeah for the political reasons outlined by the original posters. I happen to think those are bad reasons , me being in the minority does not necessarily make me wrong
- dantheman 5y agoAT&T was a government granted monopoly - it was illegal to compete with them, it's not at all relevant.
- WalterBright 5y agoThe government made it illegal to compete with AT&T. Their monopoly position was not the result of free market capitalism.
- jessaustin 5y agoThat "break up", especially when considered together with the Act of '96, was a long con. Outside investors poured billions into "competitive" telcos, yet today the replacement for Ma Bell is two Daughters Bell plus a few scattered also-rans. In the meantime they got rid of common carriage, lots of PUC rules, limits on broadcast monopolies, etc. The monopoly profits they stole on the wireline side funded their anti-competitive merger spree on the wireless side. We don't have to wait for the inevitable merger between ATT and VZN to call this a giant failure.