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Don't antitrust laws apply to our current situation?

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Courtesy Flush Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 08:03 AM
Original message
Don't antitrust laws apply to our current situation?
I don't know jack about the law, but I know that this same thing was happening a hundred years ago, and the government broke up the monopolies and put laws on the books to keep it from happening again.

Why don't those laws apply anymore?
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madokie Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 08:09 AM
Response to Original message
1. Ronnie the raygun came through
and fixed all that, best I remember
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Overseas Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 08:40 AM
Response to Reply #1
5. It was Morning in America for giant multinational corporations.
They were to be freed from all those burdensome regulations, like anti-trust laws.

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madokie Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 12:15 PM
Response to Reply #5
7. Yup getting government off our backs he crowed
You know there is still a lot of people who think he belongs on Mt Rushmore. Personally I think his picture belongs on the back side in the bottom of the commode, easily visible to all who use them. One of two men I'd actually piss on their grave if given a chance.

We lost a lot of what made America, America during the 12 years of reagan and bush1, hell for that matter even more under bush the lessor and the dick.
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valerief Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 08:19 AM
Response to Original message
2. Government would have to enforce any laws that may or may not exist but government won't.
Government is owned by the .1%.
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eShirl Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 08:21 AM
Response to Original message
3. At this point, the RICO laws should apply IMHO.
Racketeer-Influenced and Corrupt Organizations

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abelenkpe Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 08:34 AM
Response to Original message
4. Gotta overcome the idea that we need bigger corporations
To compete in global economy. It's no longer how large you are in the country but how large you are in the world.
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hifiguy Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 08:53 AM
Response to Original message
6. Antitrust laws have been completely ignored
Edited on Thu Oct-27-11 08:54 AM by hifiguy
for the last thirty years, save a few isolated instances (i.e., Microsoft) during the Clinton years. They are as dead as Dillinger, though still on the books.
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truedelphi Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 02:51 PM
Response to Original message
8. The Anti Trust laws and Glass Steagal kept this nation safe for many
Edited on Thu Oct-27-11 02:51 PM by truedelphi
Decades. (In the case of Anti Trust provisions, it was over a hindered and fifty years of protection.)

Then Reagan's people got rid of Anti Trust, for the most part. Then Bill Clinton signed off on the Banking Reform Act, which allowed banks to become full fledged financial firms, able to play with our money and gamble it away on their exotic "Financial Instruments" like CDO's and what not. Glass Steagal died in the same time period.



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Nye Bevan Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 03:05 PM
Response to Original message
9. Which present-day monopolist do you have in mind? (nt)
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