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by meekaaku
130 days ago
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I dont get this idea of breaking big companies up is inherently a good thing.
As a non-American, I think the breakup of AT&T/Bell Labs was a mistake. The world is yet to create a lab as innovative as Bell Labs. Current Google only comes even close with their far out projects(that dont directly make money) such as their quantum computing/deepmind/boston dynamics(when google had them) Besides, if one does break up google, you wouldnt have those divisions running. If there are far more opportunities left by the wayside, some one is going to out compete them, ie Slack and Teams |
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With the benefit of hindsight, the break up was performed in the most ineffective way you could possibly imagine.
Take a national monopoly, and convert it into seven regional monopolies, which don't compete on price or service? Then let those monopolies merge back into three companies?
Countries that addressed national telecoms monopolies with local loop unbundling and similar policies seem to have ended up with much more competitive markets.