DoJ is edging y'all too hard here
I will believe it when I see it
this post was submitted on 09 Oct 2024
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They have the concept of a antitrust breakup.
Agreed.
No f'in way this happens, especially not in the same week when Kamala Harris goes on national TV to say she's a capitalist.
With that said, I still hope they try. It should be inconvenient at least to run a monopoly.
breaking up giant corps is how you keep capitalism running.
It should be inconvenient at least to run a monopoly.
The best our government can do is make mega corpos pay lawyers ... So at least we got some extra jobs out of it 🤡
Since they are creating extra jobs shouldn't government reward them with state aid for it?!
especially not in the same week when Kamala Harris goes on national TV to say she's a capitalist.
You can rest assured that that is a meticulously prepared statement to curry favor and win elections in specific areas, and nothing to do with her personal ideology or how she will run things as President.
Look, I'm voting for Harris, and even as a leftist I'm half excited by it. But let's not pretend a mainstream democratic party politician is anything other than a capitalist. She might have good policy ideas, ones that will genuinely help people, but she's still a capitalist.
Sure, I'm just saying that her saying that on TV is meaningless.
I'd love to believe that, but Democrats have ruled as pro-corporate assholes for 40 years now. The last Dem we had with the balls to oppose corporate rule was LBJ.
The trail went really really badly for Google. I know it's trendy to be all nihilist with regards to government competence but they'd make way more other powerful corporations angry if they didn't break up Google.
Considering
Investigating
Discussing
Will put forward a possibility of
Listen, its this government or we go with the GOP version where its just the MOVE bombing every couple of weeks, while the DOJ issues briefs about busting open a child's testicles to get information out of his father.
Do Nothing or Do Something Awful. Those are your choices.
What about a BlackRock break-up
They get around it I think because they never seem to buy more than 45% shares... just they literally own a percentage of damn near every company
Wake me up when (if) something ever actually happens.
- Aetna CVS Caremark
- Cigna Express Scripts
- fucking ticketmaster
- Kroger (and they want to merge AGAIN?)
Let's start here for now
This is why I'm excited to vote for a democrat. Does anyone think Trump wants to pursue all these cases? Nah. First thing he'll shut down is everything that might save us a dollar.
Doubt they're going to rehire Barr after he refused to fuck around with the elections, but good point.
TM is low on my list. Healthcare, Amazon, Google as top priorities.
Amazon
I'll believe it when I see it.
I'll be ecstatic if that happens, but I won't hold my breath. It should have been done a long time ago for so many mega corpos, but here we are.
Good. But let's not pretend they won't merge back like what the Baby Bells did back in the early aughts.
Isn't this not possible considering that the U.S Supreme Court threw out the Chevron Doctrine?
It's the courts themselves that would have to break them up, so it's not an issue there. It's just a very high bar to clear because the courts don't care about anticompetitive practices unless it has a detrimental effect on the consumer. You'd be hard pressed to argue that things like YouTube and Gmail coupled with the cloud service, the ad service and the phone service are causing actual harm to the consumer that competition wouldn't. I don't see how YouTube would survive in its current form if it used third party ads, hosting, and CDN, the same way prime video and twitch are very dependent on Amazon Web services. Back in the day, for example, interurban electric trolleys were often owned by power companies. They used the power company's right of way for the electric lines for the tracks too and of course their power. That's anticompetitive, but frankly good for the consumer. That said, I wouldn't be sad to see it burn in a fire either.
Shit or get off the pot.
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