Earlier quoted context omitted.
This is not true at all. Anti monopoly regulations, for example, exist for the sole purpose of privileging new entrants over incumbents. The actions against Microsoft, or the breaking up of AT&T certainly did not help the incumbents. An example closer to home is that entrepreneurial activity in Silicon Valley is often attributed to California law forbidding non competes in employment contracts. This is regulation, wi…
> This is not true at all. Anti monopoly regulations, for example, exist for the sole purpose of privileging new entrants over incumbents. The actions against Microsoft, or the breaking up of AT&T certainly did not help the incumbents. The intended purpose is to help the new entrants, but I don't see Microsoft or AT&T losing anything or their smaller competitors gaining anything after the regulatory action against th…
AT&T lost big. It ended up going bankrupt.
The "AT&T" you know today is not the same company. It is Southwestern Bell, which bought the AT&T brand in the bankruptcy fire sale and renamed itself.
It did so because AT&T was a more valuable brand than Southwestern Bell. Looks like it worked.