History Repeats. Lessons Unlearned,
It’s the same vicious cycle: Corporations achieve monopolies that shaft consumers while pulling in big money, a portion of which is used to bribe politicians to look the other way.
This is not solely a Republican problem. The Ticketmaster Live Nation merger was approved by the Obama administration. FTX and Bankman-Fried were major contributors to Democrats. Republicans are more dependent than Democrats on big money, but far too often both parties are drinking from the same trough.
Source: Who’s Hurt When Monopolies Crash and Burn? | The Smirking Chimp
“It’s almost as if Facebook’s monopolistic mission to either own, copy, or destroy any competing platform has incredibly destructive effects on free society and democracy,” Ocasio-Cortez wrote on Twitter. “Remember: WhatsApp wasn’t created by Facebook. It was an independent success. FB got scared and bought it.” “If Facebook’s monopolistic behavior was checked back when it should’ve been (perhaps around the time it started acquiring competitors like Instagram),” the New York Democrat added, “the continents of people who depend on WhatsApp and IG for either communication or commerce would be fine right now. Break them up.”
Source: AOC, Other Progressives, Have Three Words For Facebook: ‘Break It Up’ | Crooks and Liars
The Nobel Prize winner argues that an economy dominated by large corporations has failed the many and enriched the few.
Source: America Has a Monopoly Problem—and It’s Huge | The Nation