Re:House committee approves bill that could break up Amazon,...
by unstatusthequo on Thursday June 24, 2021 @08:37PM
(#27625765)
Not unpopular to the non socialists on HN. I agree with you.
[ Parent
| on HN ]
Re:House committee approves bill that could break up Amazon,...
by msisdead on Thursday June 24, 2021 @10:57PM
(#27626690)
Definitely not a socialist but big companies hurt consumers as individuals and other businesses and society as a whole. Not by default, eg MS of today but due to their tendencies.
Re:House committee approves bill that could break up Amazon,...
by bennysomething on Friday June 25, 2021 @01:57AM
(#27627573)
The thing is, it used to be "government has to intervene in monopolies" now it's "governments need to intervene if company's get too big". Seems like the usa is about to disincentivise companies being number one in anything.
Re:House committee approves bill that could break up Amazon,...
by kbenson on Friday June 25, 2021 @07:29PM
(#27637510)
The thing governments try to intervene to stop is anticompetitive behavior. Monopolies easily lead to this, so we single those out and stop them early, but that's just one situation that leads to anticompetitive behavior. There are many aspects of megacorps that also can and do lead to anticompetitive behavior, all that remains is to determine if additional categories of behavior that are more common today also rise to the level that we want them specifically singles out and regulated as well.
Monopolies aren't inherently bad, they're regulated because they incentivize anticompetitive behavior that hurts consumers and the economy in the long run (you have to assume companies will act against their best interests for them to not cause problems). Megacorps aren't inherently bad, but we may want to regulate them because they may incentivize anticompetitive behavior that hurts consumers and the economy in the long run.