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Microsoft wins FTC fight to buy Activision Blizzard
(www.theverge.com)
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this post was submitted on 11 Jul 2023
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The title is a little misleading. This ruling is only regarding the preliminary injunction. There is still an ongoing suit with the FTC and we will need to wait for that to be resolved. However, knowing how these things go, Microsoft will make a ton of promises about creating jobs, keeping their content available to everyone, and agreeing to play fair. They will get approval and immediately turn around and terminate a ton of jobs, start making things exclusive, and backtrack on their promises. Then…nothing will happen. There will be no repercussions. Rinse and repeat.
Thank the GOP for basically ridding the US of antitrust law, which is now basically no longer a thing.
The guys who claim capitalism works because a free market will create better things through competition. Guess they weren't so much for the competition stuff and just became puppets for corporations. We also have it completely legal to openly bribe politicians which makes zero fucking sense, except we call it lobbying so it somehow becomes okay.
Only pure liberals think leaving the free market by itself with minimal regulation is a good thing. Capital attracts capital and becomes basically a snowball.
But is the solution a market controlled by a centralized entity? You just pointed out politicians can also be corrupted. So... Giving more power to an entity that can be corrupted is the solution?
The problem is corruption. Any system you can propose can be fucked up by corruption. The justice system, politicians and government can be corrupted under any system because they are human.
If I'm wrong, just propose any system and I'll tell you how it crumbles because of corruption.
Ideally that's where democracy is supposed to kick in, to stomp out corruption when it occurs. Obviously that's not what's happening and we don't have a democracy anyways. Especially with bribing being completely legal.