3 ms·
That capitalism technically already exists in the US. We have very strong monopoly laws. It's just...nobody is enforcing them. Unlike the 70's and 80's: https:/
by owenthejumper 1y ago
That capitalism technically already exists in the US. We have very strong monopoly laws. It's just...nobody is enforcing them. Unlike the 70's and 80's: https://en.wikipedia.org/wiki/Breakup_of_the_Bell_System https://en.wikipedia.org/wiki/Breakup_of_the_Bell_System
- xp84 1y agoAT&T eventually gave up and agreed to divest of the RBOCs because they didn't like their chances with the regulators. Imagine a Big Tech company having so little faith today in their ability to manipulate the government between lobbying, campaign contributions, and the most modern and economical play, stroking the President's ego.
- nerdponx 1y agoBiden's FTC chair tried her best, but it didn't go anywhere because she had no support and Trump put an end to it. But both sides amirite?
- int_19h 1y agoIt's because the laws were creatively reinterpreted to mean something very different from what the people who wrote them had in mind. https://en.wikipedia.org/wiki/The_Antitrust_Paradox https://en.wikipedia.org/wiki/The_Antitrust_Paradox