|
|
|
|
|
|
by smallmancontrov
10 days ago
|
|
|
The Reagan / Bork "Consumer Welfare Standard" intentionally crippled anti-trust 40 years ago. By legislating robber-baron talking points, it succeeded in transforming the US business sector into what you see today: big moats, high profits, low competition. The good news is that, after 40 years of Democrats not prioritizing opposition to the Reagan/Bork CWS, the issue is back on the ballots. Lina Khan picked up the torch that Louis Brandeis picked up a century ago (the arguments are identical, in this aspect time is a circle). Unfortunately, her team lost the last election, but just remember for the next one: this issue is now on the ballots. |
|
|
Also this does not explain why, for example, the New York city government didn't stop them in New York. After all, they sold licenses ("taxi medaillons"), which came with the explicit government promise their position would be protected against competition. That was the deal. In fact, a lot of city governments did this.
They just abandoned it (without, of course, giving anyone their money back, but it's not like that would have helped)