Ain’t it funny how Congress empowered regulators to break up monopolies, but all they ever do is seem to encourage them?
“Ain’t it funny how Congress empowered regulators to break up monopolies, but all they ever do is seem to encourage them?”
“Regulatory capture” and the revolving door between agencies and the businesses that they regulate.
Anti-trust has been a dead letter probably since the 1990s. This occurred when the Stupid Party (the GOP) and the Evil Party (guess who) got together to do things that are both stupid and evil in the name of bipartisanship.
One of my least favorite moves was the Telecommunications Act of 1996. That one effectively killed off small independent radio stations by allowing huge conglomerates like Cirrus and iHeart to buy up everything.