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View Diary: Monopoly's Role in Inequality (30 comments)

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  •  Time for Trust-Busting! (4+ / 0-)
    "Antitrust law has not really been enforced for decades."
    You are correct.  It isn't that we don't have laws that address the size, scope, and ability of corporations, or that there are no laws against collusion and price-fixing - we just aren't able to get the many Attorneys General and Prosecutors to hold their buddies accountable.

    We now have our regulators and law enforcement, rather than viewing the relationship between themselves and big money as being fundamentally one of conflict, referring to those they regulate and police as their "customers" and telling them they set the rules.

    What we need now is another "Trust-buster" like Teddy Roosevelt (or Ronald Reagan, for that matter), who will go after these entities and hold them accountable.  They understood, and were able to explain to the public, why these companies and what they are doing is causing pain for the rest of out society.

    "One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors." - Plato

    by Bcre8ve on Mon Jul 30, 2012 at 09:22:10 PM PDT

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    •  Not so sure about the Reagan bit, but otherwise (0+ / 0-)

      I agree.

      Hey, Republicans, the whole world is watching.

      by TAH from SLC on Tue Jul 31, 2012 at 09:04:03 AM PDT

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      •  The telephone (0+ / 0-)

        monopoly was broken up under Reagan and "Ma Bell" became the "Baby Bells".

        If Saint Ronnie makes the list, its only because nothing has been done since his time.  It is only as an illustration of how lame enforcement has become, and how much worse the regulatory process is, that I included him at all.  

        Good  catch.

        "One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors." - Plato

        by Bcre8ve on Tue Jul 31, 2012 at 04:32:44 PM PDT

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        •  No, the AT&T broke up began in 1974. (0+ / 0-)

          It took a long time to complete, but it was in court when Reagan was elected.  The case settled in 1982, but that was not Reagan's doing.

          Hey, Republicans, the whole world is watching.

          by TAH from SLC on Wed Aug 01, 2012 at 08:35:54 PM PDT

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