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We just need a new era of trust-busting. It's what pulled our economic system back from where it was headed in the "robber baron" era of the early 1900's, and a
by TheRealDunkirk 3y ago
We just need a new era of trust-busting. It's what pulled our economic system back from where it was headed in the "robber baron" era of the early 1900's, and allowed for the post-war boom. The Fortune 500 has learned to stop at duopolies and triopolies, but private equity is quietly trying to monopolize literally everything else. Lina Kahn and the current FTC have been trying, but they are hampered by the economic forces, corporations, and billionaires that have gotten us to this place already, and I just don't see them making much substantive progress. It certainly doesn't help that the public is also filled with Microsoft stans who think allowing them to buy Activision somehow "increases competition," when what they really mean is that they just hate that Microsoft is in third place behind Sony and Nintendo, as if this means the gaming division is somehow a failure, and pressure the FTC to back off of preventing more consolidation.