2 ms·
"targeted with anti-trust legislation" Um, this is America. Every market is basically a trust, cartel, or monopoly. And I don't know if you can hear that, but
by AtlasBarfed 5y ago
"targeted with anti-trust legislation"
Um, this is America. Every market is basically a trust, cartel, or monopoly.
And I don't know if you can hear that, but there is literally laughter in the halls of power. All the show hearings by congress on social media and tech companies only has to do with two things:
1) one political party thinking the other is getting an advantage by them
2) shaking them down for more lobbying and campaign donations
No one in the halls of power give two shits about competition. Larger companies mean larger campaign donations, and more powerful people to hobnob with if/when you leave or lose your political office.
Of course I think that breaking up the cartels in every major sector would lead to massive improvements: more companies is more employment, more domestic employment, more people trying to innovate in management and product development, more product choice, lower prices, more competition, more redundancy/tolerance to supply chain disruption, less corruption in government and possibly better regulation.
Every large company brazenly does market abuse up and to the point of one and only one limiter: the "bad PR" line. So I guess we have that.
- astrange 5y agoCompanies don't make campaign donations. The people "exposing" them are showing their employees making donations, and employees don't have the same interests as their employer.