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> In a perfect world, anti-trust would have broken up Google and Meta a long time ago. I'd go even further, as the example of AT&T shows that just breaking up
by MereInterest 4y ago
> In a perfect world, anti-trust would have broken up Google and Meta a long time ago.
I'd go even further, as the example of AT&T shows that just breaking up a monopoly is insufficient, as it can reform over time. In addition, (dis)incentives must be created to counter whatever led to the market failure in the first place.
The Sherman Anti-Trust Act forbids attempts to establish a monopoly, regardless of the success or failure of such an attempt. Designing a system in which network effects tend toward monopoly (e.g. "Keep using our platform, because when your friends talk on this platform, it's the only way to hear what they're saying.") is an attempt to establish a monopoly.