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Comment by bovermyer

6 days ago

Why do we allow megacorporations to exist at all?

Chicago School assholes backed by the conservative/"pro-business" think tanks that boomed in the post-war era managed to place some judges and influence some lawmakers to completely break our anti-trust enforcement in the '70s, by shifting from a standard of "enormous corporations may be assumed harmful" to "specific harm that's very expensive to prove must be demonstrated", all but entirely eliminating anti-trust action.

The term "allow" implies that some entity called "we" exists, and has the capacity to exercise control over over unrelated third-parties' ability to engage in organized activity. No such entity exists, nor has such capacity.

  • In theory, governments have the ability to curtail the activity of corporations.

    Are you challenging that idea?

    • Yes. Governments are themselves just organizations of people doing things, based on the same motivations and incentive structures as every other organization. The distinction between corporations, governments, and every other form of organized activity in society is an illusion.