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by snowwrestler 271 days ago
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.
1 comments

Really? 20 mid sized Googles is better for US power than 1 mega Google dominating the planet? Repeat for any corporation.

Breaking these megacorps benefits little guys like you and me, but I doubt it benefits state power on the global stage

> 20 mid sized Googles is better for US power than 1 mega Google dominating the planet?

Considering google search became complete crap under monopoly conditions, absolutely yes.

While the google had to compete, they produced good things and innovated. Now they just focus on milking maximum from the monopoly

i think it could be argued that sure, 20 Googles would be better for US power, yes. why wouldn’t it be? it would drive more innovation which likely would only increase our influence on multiple levels.

there could be more reason to argue it would absolutely be more secure—if any of these tech giants or one of the people inside were to sell us out it could be very very bad. if one or two out of twenty were to sell us out, the damage is much much less severe.

not to mention we’re significantly stronger as a country when we have diversity of ideas leading to diversity in innovation which the dominance from a tiny few just entirely undermines.

As long as the state has power over Google (and it does, even if the media cycle presents it like they’re powerless), they can surveil billions of people, control populations, distribute propaganda.

Look how the US is able to spread it’s culture everywhere, cut off regimes, debank people it doesn’t like, all by controlling a few choke points.

Look how China uses its corporations to increase state power. The US does the same but with a few more carrots (lucrative govt contracts).

A mega corp means you can do your coercion behind closed doors rather than with sweeping regulations