3 ms·
What's really wild is that for the last 2.5 years the FTC has been led by somebody who's super dialed in on antitrust issues and trying to take these companies
by safety1st 3y ago
What's really wild is that for the last 2.5 years the FTC has been led by somebody who's super dialed in on antitrust issues and trying to take these companies to court, but the government is having a hard time winning the cases. So either the courts have been bought and paid for, or the laws are weak and out of date because Congress is bought and paid for, or both. All this despite a rough but widespread understanding among the majority of Americans that the economy is rigged.
Biden is probably the first President since Carter to have even acknowledged the issue, we have 40 years of both Democrats and Republicans at every level of government slopping at the trough at this point.
- IG_Semmelweiss 3y agoI posit a 3rd option: antitrust enforcers starting with Lina K are so incompetent that they cant win open and shut cases Exhibit A: action against a merger between Amazon and a robo-vaccum company, iRobot. Let that sink for a minute.
- distances 3y agoI tried to let this sink a bit but I have no idea what you mean with your example. Was the Amazon-iRobot merger somehow a clear case that should and could have been forbidden? I don't know anything about that merger but to me it sounds like they are mainly in completely different fields so I don't get how it applies here.
- deleted 3y ago[deleted]