We were stuck in the Gilded Age for decades before Roosevelt came along and started big trust-busting efforts. I expect a similar situation to play out here. We're probably in the middle of it in retrospect.
I think at the end of the day, we're still able to produce really effective technology and products. Like the economy is still functioning. I feel like this is different from the Soviet situation where the problems were more related to product quality and shortages and black markets.
> we're still able to produce really effective technology and products
There's a pipeline for that, and that pipeline has been broken, so that'll dry up. It's gonna take some years before we see the effects of it, but it ain't gonna be pretty.
Al Franken has related the difficulty he had convincing Democrats and Bernie Sanders to sign on to fighting the Comcast Time-Warner merger until they determined it was beneficial to themselves to oppose it.
This podcast mentions a summarized version of the story at the beginning with an impersonation. I remember another, maybe later on in the interview portion, where he explicitly called out Sanders' reluctance.