I defer to you, but my take would be that the government simply declined to fight it on anti-trust grounds between ~1910-1970.
On the other hand, I don't think you can ignore Bell Labs or the fact they they did build some amazing infrastructure. Would the world have been better off on the whole with more competition in AT&T's heyday?
On the other hand, I don't think you can ignore Bell Labs or the fact they they did build some amazing infrastructure. Would the world have been better off on the whole with more competition in AT&T's heyday?