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I believe it was the breakup of AT&T on Jan 1, 1982 (the result of a suit started in 1974). https://en.wikipedia.org/wiki/Breakup_of_the_Bell_System https://en
by leereeves 3y ago
I believe it was the breakup of AT&T on Jan 1, 1982 (the result of a suit started in 1974).
https://en.wikipedia.org/wiki/Breakup_of_the_Bell_System https://en.wikipedia.org/wiki/Breakup_of_the_Bell_System
- mywittyname 3y agoWhich is nuts. The DoJ needs to take a battle ax to Ticketmaster to set an example. They need to prove that they are still willing and able to throw down if necessary. TM is a disposable target, they don't build anything critical to the economy or national security. They could be deleted from the earth and dozens of replacements would spring up in a week. TM is so hated that, if the DoJ goes for the jugular and misses, there might be appetite for Congress to re-empower the DoJ. Monopolies aren't just anti-consumer. They can strangle the country's ability to innovate and compete in a global marketplace.
- dogb0wl 3y ago[dead]
- xp84 3y agoSo true. I wish that we could just have corporate death penalty by referendum. If 85% of the voting public agrees your company is net bad for our society, and there is no national security reason to save it, nationalize it and liquidate it and use the proceeds to fund consumer protection regulation. Perhaps if shareholders stood to lose their entire investment by being deleted like this, they would find themselves hesitant to do outright evil things.
- crabmusket 3y ago> Monopolies aren't just anti-consumer. They can strangle the country's ability to innovate and compete in a global marketplace. This. As a small business owner I'm much more interested in the effects of monopoly on industries than on consumers. After all, most people have jobs, right? They feel the effects of monopoly at work, as well as at home.