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Sometime after 9/11, the US realized that it was in their best interest to have American tech juggernauts, and if they hamstrung their own tech companies with a
by llampx 5y ago
Sometime after 9/11, the US realized that it was in their best interest to have American tech juggernauts, and if they hamstrung their own tech companies with antitrust and anti-competition laws, other countries (China) would not.
That was the end of antitrust enforcement on a larger scale for US companies.
- refenestrator 5y agoThat's a backwards projection. In the early 2000s we were still blithely confident that China would just slot into a world order dominated by us. The end of history and all that. The record was that the Bush administration came in and immediately dropped the MS antitrust case because they were 'pro-business'. I suspect GWB genuinely believed in all this.
- FpUser 5y ago>"Bush administration came in and immediately dropped the MS antitrust case because they were 'pro-business'" From what I remember it was definitely Bush's doing.
- CPLX 5y agoThat’s a claim that requires evidence. And either way you’re making a classic fallacy via the rational actor model, where you’re personifying the US and asserting that the US “realized” something. A far more accurate take is that big business continued to consolidate money and power and successfully used political influence to neuter the regulatory agencies.
- jasonhansel 5y agoAlternatively: tech companies have used the fear of China to entrench their own power and avoid even the most reasonable forms of regulation.