News for hackers. Stuff that matters.

A comment on Congress is going to throw the kitchen sink at big tech. Parent comment

Re:Congress is going to throw the kitchen sink at big tech by ProjectArcturis on Friday June 11, 2021 @08:05PM (#27480013)
If we protect out markets from all monopolies, foreign included, we'd end up with tons of competitive companies all scrapping to be the best. Instead what we've got now are monoliths that will gradually ossify into cable-company levels of innovation and customer service. Breaking up domestic monopolies would be one of the best things we could do to compete internationally.
[ Parent | on HN ]
Re:Congress is going to throw the kitchen sink at big tech by andreilys on Friday June 11, 2021 @08:13PM (#27480057)
Breaking up domestic monopolies would be one of the best things we could do to compete internationally.

International monopolies will be able to expand into the US and burn cash to acquire users and grow market share. Then when they've run all domestic companies out of business, they will raise prices.

[ Parent | on HN ]
Re:Congress is going to throw the kitchen sink at big tech by acituan on Friday June 11, 2021 @10:30PM (#27480899)
US monopolies couldn't penetrate into China without the Chinese government's say so. Xiaomi had its share of US and Indian sanctions (albeit temporarily).

The problem is not only competition in US or Chinese as markets; it is also about global markets.

[ Parent | on HN ]
Re:Congress is going to throw the kitchen sink at big tech by cercatrova on Saturday June 12, 2021 @05:26PM (#27487553)
Why do you assume that the US wouldn't block foreign monopolies as well?
[ Parent | on HN ]