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I'm a bit surprised by this move as well... If only someone had done similar to protect the gutting of Sears and K-Mart, even if both companies made several ye
by tracker1 1y ago
I'm a bit surprised by this move as well... If only someone had done similar to protect the gutting of Sears and K-Mart, even if both companies made several years of bad decisions themselves, the way they were cleaned out is disgusting.
- mrguyorama 1y agoAmerica voted for Ronald Reagan in the biggest landslide victory the US had seen in a very long time. Reagan promised "deregulation" and "get government out of business" etc, and had a very clear mandate to execute, which he did, IMO to our detriment, by doing things like telling the FTC to just let companies do whatever, and outright not enforce anti-competitive laws if you couldn't show "consumer harm", which explicitly meant you had to show prices going up before you could prevent the monopoly from forming. What did people expect?
- tracker1 1y agoReagan was out of office by three decades when Sears finally collapsed, and 16 of those interim years was with a Democrat in office, and Democrat control of both houses for several of those years.