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Globalization is at odds with national level anti-trust. The past has shown that international companies supported by their governments would eat away at the s
by psychlops 4y ago
Globalization is at odds with national level anti-trust. The past has shown that international companies supported by their governments would eat away at the smaller US companies.
- pclmulqdq 4y agoI think this is the big reason that the US hasn't taken action against these companies. They view them as strategic, and want to keep a very friendly relationship.
- msabalau 4y agoIn this case, treating the "US" as if "they" have a consistent, considered view that drives all their actions seems a little odd and vaguely conspiratorial. After all, it has been well reported that US politicians on both sides of the aisle are looking to put investigative scrutiny on big tech in the year ahead. And US regulators were broadly underutilizing antitrust tools across the board in the past, not just for big tech. That also seems to be changing. Sure, the US pursues strategies related industrial policy and national security. The CHIPS act or the Inflation Reduction Act are examples. But you don't need a "big reason" why to explain why US companies like these tech firms have been underregulated. It isn't isn't some mystery, it is just (unfortunately) normal. If US firms are grossly underregulated and under-punished for simple stuff like wage theft, you don't need to invoke strategy to explain why big tech has gotten away with anticompetitive stuff in the past.