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by snowwrestler
271 days ago
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Overall national wealth and power shrink under monopoly super corporations, that is the reason it is a matter of public policy in the first place. If you go back and review the major antitrust actions of the 20th century, each one was followed by an explosion of market-creating innovation: Standard Oil, Bell Telephone, even Microsoft. Look even further back, and many national economies were organized around a few state-sponsored monopolies e.g. the East India Company. They all lost ground to economies with more numerous and competitive companies, most notably the U.S. |
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Breaking these megacorps benefits little guys like you and me, but I doubt it benefits state power on the global stage