Why Did Congress Just Vote to Break Up Big Tech?

Re:Why Did Congress Just Vote to Break Up Big Tech? by sethherr on Friday June 25, 2021 @07:18PM (#27637418)

Great! As a modern resident of planet earth, I’m not opposed to international competition. I’d love for FAANG not to be able to crush or acquire competitors, regardless of their country of origin.

I bet, based on recent history, that most of the upstarts would be from the US. If that isn’t the case, it will be a wake up call and hopefully the US will rise to the occasion.

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Re:Why Did Congress Just Vote to Break Up Big Tech? by sethherr on Friday June 25, 2021 @07:25PM (#27637484)

Nationalism aside, there is a common refrain on HN comments that breaking up companies will result in a decline in innovation. History suggests otherwise:

The last company broken up was AT&T; at the time everyone was worried about Japanese electronics companies.

> breaking up AT&T in 1982 was the best thing that could have happened to America. AT&T's core project in 1982 wasn't fighting Japanese electronics companies: it was suppressing the growth of the internet in the USA

> Antitrust enforcement isn't an economic drag, it's an economic STIMULUS

Source: https://pluralistic.net/2020/10/21/each-drop-of-strych-a-nin...

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