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Entities that are that big have big lobbies. Big lobbies give effective control of governing bodies (at least, in their limited scope); this is known as regula
by randallsquared 18y ago
Entities that are that big have big lobbies. Big lobbies give effective control of governing bodies (at least, in their limited scope); this is known as regulatory capture. AT&T was broken up by judge, not by Congress, so it is not a good counterexample.
- silentOpen 18y agoI don't think the parent cares how AT&T was broken up. Why not break up financial institutions through the judiciary? Oh, because the anti-trust laws are crippled...