[einhverfr]

Actually I think the breakup of AT&T was one of those moments when policy changed because all of the businesses got scared. When you look at the long history there, and it is a long history, it was right after that, that the government backed off from being aggressively pro-competitive.

We see a shift thus under Reagan from pro-competition to pro-oligopoly which continues and accelerates under Clinton, Bush, and Obama. It is an indication that in class warfare the elite always win.

As for AT&T getting back together, they still don't own a record label, broadcast/entertainment media, the Japanese telephone system or the major manufacturers of phones in the US and abroad to an extent anywhere near what they used to..... People forget just how big Ma Bell was at its zenith.