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Merger Rule (i.imgur.com)

submitted 11 months ago by alexiascylding@lemmy.blahaj.zone to c/196@lemmy.blahaj.zone

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[-] MrJameGumb@lemmy.world 139 points 11 months ago

Isn't this the exact reason why we have antitrust and monopoly laws?

[-] superduperenigma@lemmy.world 100 points 11 months ago

we have antitrust and monopoly laws

Well yes, but actually no.

[-] FakeGreekGirl@lemmy.blahaj.zone 16 points 11 months ago

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

Might.

[-] orca@orcas.enjoying.yachts 24 points 11 months ago

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

[-] Asafum@feddit.nl 4 points 11 months ago

"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. :(

[-] kibiz0r@lemmy.world 4 points 11 months ago

Joe Biden: Were there not an Israel the USA would have to invent an Israel to protect her interest in the region.

https://www.c-span.org/video/?c4962369/user-clip-joe-biden-israel-usa-invent-israel-protect-interest-region

[-] FakeGreekGirl@lemmy.blahaj.zone 1 points 11 months ago

True, yeah.

[-] ringwraithfish@startrek.website 66 points 11 months ago

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.

[-] KingThrillgore@lemmy.ml 17 points 11 months ago

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.

[-] WhatAmLemmy@lemmy.world 14 points 11 months ago* (last edited 11 months ago)

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.