41–50 of 397 posts
When was the last time the Justice Department actually broke up a monopoly? Don't these suits usually result in a fine and an agreement to stop doing XYZ while both parties wink and nod, then the government lawyers go work in lucrative private practice a few years later?
https://www.cnn.com/2024/02/26/investing/kroger-albertsons-m...
Earlier quoted context omitted.
Biden admin has been on an antitrust tear. Most of the big tech companies have had cases filed against them.
Plenty of big corporate mergers have been blocked as well ( https://finance.yahoo.com/news/mergers-lose-their-shine-as-b... )
Earlier quoted context omitted.
Your first sentence here is correct. The second sentence is ridiculous. The Obama administration was pro-monopolist basically across the board for eight straight years. The record is pretty easy to understand.
Yup. We are in our current predicament because the previous 4 or 5 administrations, whether D or R, have let corporations run amok with M&A and general anticompetitive behavior, offering only token resistance. Biden has finally signaled a shift in the last year or two, but it remains to be seen how far these actions will go (and how much Congress and the courts will allow).
Went to buy tickets for a show on ticketweb and saw it’s now owned by Ticketmaster. This has been a long time coming at this point.
When was the last time the Justice Department actually broke up a monopoly? Don't these suits usually result in a fine and an agreement to stop doing XYZ while both parties wink and nod, then the government lawyers go work in lucrative private practice a few years later?
edit: it's a joke y'all, obviously they got great tickets with those family and Ivy League connections
When was the last time the Justice Department actually broke up a monopoly? Don't these suits usually result in a fine and an agreement to stop doing XYZ while both parties wink and nod, then the government lawyers go work in lucrative private practice a few years later?
I believe it was the breakup of AT&T on Jan 1, 1982 (the result of a suit started in 1974). https://en.wikipedia.org/wiki/Breakup_of_the_Bell_System
TM is so hated that, if the DoJ goes for the jugular and misses, there might be appetite for Congress to re-empower the DoJ.
Monopolies aren't just anti-consumer. They can strangle the country's ability to innovate and compete in a global marketplace.
When was the last time the Justice Department actually broke up a monopoly? Don't these suits usually result in a fine and an agreement to stop doing XYZ while both parties wink and nod, then the government lawyers go work in lucrative private practice a few years later?
Earlier quoted context omitted.
You paid nearly $1k for 2 tickets to a show? To me, you are part of the problem as acting as an enabler for these prices to be seen as acceptable.
Seems harsh to blame somebody for simply paying to do something they enjoy when the alternative is just not doing it. Blame the monopoly, not the consumer.
Someone with money can spend their money however they want. They can gamble it, they can snort it up their nose, they can invest it, they can do WTF they want. If what they do with the money contributes to the problem, then they are still part of the problem.