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by deklerk
2886 days ago
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> The point of antitrust regulations is to stop the anti-innovation practices Is that true? That doesn't match the definition of any antitrust regulation I'm aware of. AFAIK antitrust regulation is intended to enforce _fairness_, not _innovation_. Often the two go hand in hand, of course, but I think it's worth not conflating the two. |
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The idea of anti-trust regulation is to break up companies that cornered a market, that is, (mostly) prevented competition on it. Breaking them up serves to make more, smaller companies (out of the split giant) that would start to compete again.
Anti-trust laws can be seen as pro-market laws that try to prevent long periods of monopolized markets without waiting for a naturally occurring disruption, instead providing a mandated disruption.
Whether it's _efficient_, and whether it works as intended, can be discussed.