Re:Elizabeth Warren Proposes Breaking Up Tech Giants Like Am...
by vkou on Friday March 08, 2019 @02:36PM
(#19341358)
>so we are ok with removing the only thing we as people have going for us
The way that the 'consumer welfare' protection is currently implemented has no teeth.
Consider the Comcast/TWC mergers. The companies involved pay 'experts' (Of their choice) to spin fairy tales about how they project that costs to customers will go down. Five years down the road, when they don't (Or, customers suffer because other intangibles degrade, due to lack of competition), nobody actually holds them accountable, after the fact.
The way that the 'consumer welfare' protection is currently implemented has no teeth.
Consider the Comcast/TWC mergers. The companies involved pay 'experts' (Of their choice) to spin fairy tales about how they project that costs to customers will go down. Five years down the road, when they don't (Or, customers suffer because other intangibles degrade, due to lack of competition), nobody actually holds them accountable, after the fact.