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Well, I’m no expert. But a center piece of Matt Stoller’s argument has been that this problem has been solved before in the US. There is no reason why we should
by scyzoryk_xyz 4y ago
Well, I’m no expert. But a center piece of Matt Stoller’s argument has been that this problem has been solved before in the US. There is no reason why we shouldn’t be able to reach for the same solutions. It doesn’t mean commerce or corporations should be torn down. Merely making certain maneuvers and strategies unacceptable, punishable, criminal (in extreme cases) would be enough to deflate the outsize power monopolies have. And I agree with this - Stoller convincingly writes about how the US was amazingly good at enforcing antitrust. Business communities simply did not reach for monopolistic strategies in the 50’s, 60’s and 70’s. And the US economy of that time was amazingly strong at that time, delivering prosperity, innovation and consumer choice.
The reason why it seems to be unachievable is that it seems too complicated/hard. But monopolies like Standard Oil were complicated too.