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> This is what happens when institutions are on the wrong side of history. Clearly, big tech does not represent an existential threat to civilization or even to
by ajkjk 3y ago
> This is what happens when institutions are on the wrong side of history. Clearly, big tech does not represent an existential threat to civilization or even to economic well-being. The FTC is run by a graduate student with a paper to her name. She looks increasingly out of her depth.
Alternate take: Khan is the best thing about the US government right now.
Matt Stoller [1] has a good take on the Microsoft case, and in particular why it was really messed up that Microsoft won. Most of his takes are good, imo, because he believes that America is really messed up because of unchecked monopolies, which I wholeheartedly agree with.
Although, what I don't see discussed as much is: suppose Microsoft won because their merger with Activision doesn't violate existing antitrust law. Well, _should it_? Those laws are just the ones we ended up with. And considering that monopoly behavior in America seems to making life much worse, year over year... yeah, instead of thinking there's something wrong with Khan for losing the case, we could see it as a need for stronger laws, which would give her FTC more teeth.
[1] https://www.thebignewsletter.com/p/judge-rules-for-microsoft-mergers https://www.thebignewsletter.com/p/judge-rules-for-microsoft...
- vogon_laureate 3y agoI was pleasantly surprised that our version of the FTC (the UK’s Competition and Markets Authority - CMA) blocked the deal. We live in a world of trillion dollar tech companies. The level of power they have is enormous. It’s about time regulators did something to ensure their market-distorting power is kept in check.