Comment by a2128
1 year ago
Monopolies lead to no competition, leading to reduced innovation, economic stagnation, consolidation of wealth and power. That directly harms the American people and if left unchecked other countries may actually start to get ahead, especially if they maintain a fair market environment within their own country and ban American monopolies.
If the concern is that people will start using Baidu search, then the solution should be to ban Baidu search. It shouldn't be to let some monopolies run rampant with the hopes that other countries will never be able to compete, while forgetting that free market economy is what made America
> Monopolies lead to no competition, leading to reduced innovation, economic stagnation
That sounds smart, but is it actually true? How many of the things enabling the existence of this website are inventions made in the research institute of the Bell Telecom company.
On top of my head, there are transistors, C, Unix and a fair bit of cryptographical work. I'm sure others can add a lot more to the list.
Hell, this website recently carried an article that mentioned that the very financial concepts that enable companies like Y-combinator to exist were invented by a researcher at Bell labs.[1]
[1]https://commoncog.com/cash-flow-games/
>"How many of the things enabling the existence of this website are inventions made in the research institute of the Bell Telecom company."
In both giving them the bankroll to research it pre-breakup, and the economic freedom to pursue it under separate ventures post-forced breakup - it was most likely equally valuable.
A lot of things that make our modern apparatus' possible came from both Bell Labs research, and Bell Labs branching out by force.