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Reply #18: Antitrust Laws are Hard to Enforce [View All]

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On the Road Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-12-09 10:46 AM
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18. Antitrust Laws are Hard to Enforce
IN 1999, a federal court ordered Microsoft to be broken up because of its anticompetitive practices in internet browsers. Microsoft was able to modify the ruling on appeal and prevent the breakup.

The ruling is actually a very simple and clear read in the definition of a monopoly and what what constitutes the abuse of a monopoly. IMO the original ruling was correct.

Now breaking up monopolies may or may not correct problems in a particular industry. Mortgage companies were not dominated by a Microsoft or Walmart during the real estate boom, but similar abuses were practiced by many smaller companies.

In technical industries competition and changes in technology have served to break up monopolies pretty effectively. IBM is no longer the 800-pound gorilla. Local telcos are losing their grip. Ten years from now, Google will probably have lost its dominance.
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  -Does government have the power to break up gigantisaur corporations into smaller entities? Union Yes  Sep-12-09 08:49 AM   #0 
  - Yes  TxRider   Sep-12-09 08:56 AM   #1 
  - Walmart is a prime example of a monopoly. Look what they have done to almost ..  Union Yes   Sep-12-09 09:01 AM   #2 
  - Walmart is not a monopoly  SmileyRose   Sep-12-09 10:09 AM   #14 
     - Walmart is a monopoly -- they literally drove Kmart out of my area  Donnachaidh   Sep-12-09 12:14 PM   #23 
        - Kmart destroyed itself  SmileyRose   Sep-12-09 12:25 PM   #24 
        - Walmart killed mom and pop shops all across America.  Union Yes   Sep-12-09 12:48 PM   #25 
        - Walmart does many terrible things  yodoobo   Sep-12-09 12:59 PM   #27 
        - Walmart IMHO is bad for America and the world at large -- BUT  SmileyRose   Sep-12-09 02:15 PM   #28 
           - I call BS n/t  Donnachaidh   Sep-12-09 02:46 PM   #31 
        - so you're using personal preference as a judgement call on a business?  Donnachaidh   Sep-12-09 02:46 PM   #30 
           - Oh come on  SmileyRose   Sep-12-09 04:10 PM   #33 
        - hardly  yodoobo   Sep-12-09 12:57 PM   #26 
  - I agree, but that would not be "looking forward". Bush encouraged the monopolies and Obama will not  thunder rising   Sep-12-09 09:02 AM   #3 
  - I think it happened to Standard Oil and Bell Telephone.  theoldman   Sep-12-09 09:03 AM   #4 
  - That was one of the most important anti-trust cases/experiments of all time. Explanation-->  HamdenRice   Sep-12-09 09:28 AM   #7 
     - Very informative. Thanks for wieghing in.  Union Yes   Sep-12-09 09:40 AM   #9 
     - Exactly right  customerserviceguy   Sep-12-09 10:15 AM   #15 
  - Ever hear of Teddy Roosevelt?  Coyote_Bandit   Sep-12-09 09:05 AM   #5 
  - I'm wondering if the upcoming Supreme Court decision will prod govt to act?  Union Yes   Sep-12-09 09:20 AM   #6 
  - Thing is  Coyote_Bandit   Sep-12-09 09:47 AM   #11 
     - I couldn't say it better.  Union Yes   Sep-12-09 09:59 AM   #13 
  - Trust Busting Leveling the field of play TR: a bipartisan role-model for Team Obama  FraDon   Sep-12-09 09:50 AM   #12 
  - Has the power, but not the will nt  JerseygirlCT   Sep-12-09 09:29 AM   #8 
  - Sadly, I agree.  Union Yes   Sep-12-09 09:41 AM   #10 
  - The power,yes, but sadly not the will.  Vidar   Sep-12-09 10:20 AM   #16 
  - Anti-trust laws but they never use them.  Joanne98   Sep-12-09 10:21 AM   #17 
  - Antitrust Laws are Hard to Enforce  On the Road   Sep-12-09 10:46 AM   #18 
  - Shit, even Reagan did that. I have no idea why it's not happening now.  RandomKoolzip   Sep-12-09 10:47 AM   #19 
  - The government has the power, but I don't think it can happen now  DavidDvorkin   Sep-12-09 10:49 AM   #20 
  - they used to, But conservatives have worked hard and spent much to make that power  librechik   Sep-12-09 10:57 AM   #21 
  - Sherman Anti-Trust Act.  Odin2005   Sep-12-09 11:00 AM   #22 
  - Only big corporations  treestar   Sep-12-09 02:17 PM   #29 
  - Not in practice.  Orsino   Sep-12-09 03:32 PM   #32 

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