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
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...