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Great! As a modern resident of planet earth, I’m not opposed to international competition. I’d love for FAANG not to be able to crush or acquire competitors, re
by sethherr 5y ago
Great! As a modern resident of planet earth, I’m not opposed to international competition. I’d love for FAANG not to be able to crush or acquire competitors, regardless of their country of origin.
I bet, based on recent history, that most of the upstarts would be from the US. If that isn’t the case, it will be a wake up call and hopefully the US will rise to the occasion.
- sethherr 5y agoNationalism aside, there is a common refrain on HN comments that breaking up companies will result in a decline in innovation. History suggests otherwise: The last company broken up was AT&T; at the time everyone was worried about Japanese electronics companies. > breaking up AT&T in 1982 was the best thing that could have happened to America. AT&T's core project in 1982 wasn't fighting Japanese electronics companies: it was suppressing the growth of the internet in the USA > Antitrust enforcement isn't an economic drag, it's an economic STIMULUS Source: https://pluralistic.net/2020/10/21/each-drop-of-strych-a-nine/#break-em-up https://pluralistic.net/2020/10/21/each-drop-of-strych-a-nin...