Crooks everywhere
Well, somebody finally stated the obvious, Congress and the rest of the Federal government condones anti-competitive behavior of large corporations. Wired’s Steven Levy said:
Still, even though most of the legislators prepared well for their five-minute interrogations, I found something deeply hypocritical about the spectacle. By and large, big tech companies push the boundaries of acceptable practice because that’s the way Congress allows business to operate. Consolidation of power and merging with competitors seems to be the American way. Why would you expect tech to be different from airlines, media companies, and concert ticketing?
well said. The large majority of huge corporations are trying their best to eliminate any kind of competition. They eliminate competition and then the American public has no choice but to either submit to their monopolistic behaviors including no practical customer services and outrageous price increases that are largely spent on overpaid, incompetent senior executives. And the tax code encourages such behavior. It’s time this country went back to a free enterprise system, with NO corporate welfare. Maybe we need a Constitutional amendment outlawing corporate welfare and laws which benefit corporations.
Still, even though most of the legislators prepared well for their five-minute interrogations, I found something deeply hypocritical about the spectacle. By and large, big tech companies push the boundaries of acceptable practice because that’s the way Congress allows business to operate. Consolidation of power and merging with competitors seems to be the American way. Why would you expect tech to be different from airlines, media companies, and concert ticketing?
well said. The large majority of huge corporations are trying their best to eliminate any kind of competition. They eliminate competition and then the American public has no choice but to either submit to their monopolistic behaviors including no practical customer services and outrageous price increases that are largely spent on overpaid, incompetent senior executives. And the tax code encourages such behavior. It’s time this country went back to a free enterprise system, with NO corporate welfare. Maybe we need a Constitutional amendment outlawing corporate welfare and laws which benefit corporations.
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