Merger Rule

ranmagender@lemmy.blahaj.zone to 196@lemmy.blahaj.zone – 712 points –
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Isn't this the exact reason why we have antitrust and monopoly laws?

we have antitrust and monopoly laws

Well yes, but actually no.

With the current administration, there might actually be some push back.

Might.

Pretty sure the current admin is too busy tripping over itself to help Israel continue carrying out genocide in Palestine.

"Pretty sure the current admin is too busy tripping over itself to help Israel continue carrying out genocide in Palestine. get the US Jewish vote."

I don't think the administration actually gives a shit about what's happening there, Biden just wants their votes. :(

Read up on Reagan and anti-trust. He essentially said that monopolies that resulted in lower prices were good for consumers and that the government would turn a blind eye to them. Hasn't been much change since then.

monopolies that resulted in lower prices

IT DOESN'T WORK LIKE THAT DAYO~

When you own the market, you either:

  • Dictate the price as the sole provider
  • Are forced to set the price because of your natural monopoly status (as a utility for example; until you stuff the utilities commission or regulatory capture your way into even controlling that)
  • Have to break up to create competition, release patents, or otherwise be forced to allow competition which leads to a lower cost alternative

I hate the gipper. Fucking cunt, and he can't fucking act either.

He knew. All capitalists know. They don't care, because the goal of capitalism is to profit — therefore profit is the one and only true guiding virtue.

If Disney was allowed to buy Fox I don't see why this couldn't happen too

Shhh! If you keep talking like that "they" will start looking for you.

Hahahahah