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alextcone Apple I mean, they def did get smaller! The Baby Bells themselves were subject to antitrust oversight. It was really only later when the legislative system of the US changed how it examined and punished monopoly that things started reversing...Permalink On twitter.com
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Mood -3 🙁
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alextcone Apple Basically the understanding of the legal basis for antitrust changed around the time of Bill Clinton entering congress, starting then but moving from there over time, when the US Political Left made the decision to sacrifice economic policy for the firepower to end Vietnam...Permalink On twitter.com
Mood +1 🙂
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alextcone Apple At the same time the rise of free market philosophy & politics, and some specific legal challenges, changed the definition of "monopoly" to exclude companies whose monopoly appeared to save money for consumers. Which brings us to the definition we operate under today.Permalink On twitter.com
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Mood +4 🙂
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alextcone Apple And basically, without the specific oversight and threat of breakup the phone companies joined back together to the megacorps we've got today. And that led the way for too big to fail, and the ultra large tech companies that are a problem today.On twitter.com
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Mood -6 🙁