5 ms·

Ok, another capitalism bad post, great. What is your solution then? Explain how that happens/migrates to, in the US?

• wilkommen 9mo ago
  Solution is to prosecute private monopolies out of existence, by enforcing the Robinson-Patman Act and the Sherman Act.
  • mlrtime 9mo ago
    Ok who defines monopoly? I know there is a textbook definition, but it's still somewhat subjective. Also the US won't do this if it creates a international competitive disadvantage.
    • wilkommen 9mo ago
      The FTC defines monopoly, the courts define monopoly when private litigants bring monopolization cases and via precedent, and Congress defines monopoly via lawmaking. Of course it's subjective, everything is subjective when it comes to the law. The US needs to do it if it wants to maintain its status as a world power instead of becoming a banana republic where the law is a joke.