Which is why breaking apart companies that form monopolies is so important. Break up Facebook. Break up Amazon. Break up the Warner Bros Discovery merger that just happened (why was that allowed in the first place?).
Monopolies are the one major failing of capitalism. Busting up monopolies is an important function of government. Unfortunately, all our congress is now bribed (they call it lobbying and PACs) and work for the monopolies or oligopolies. So that's how Warner Bros Discovery has happened to create this huge news and media organization. In any merger, I like to see who the new CEOs are and get a sense of them. David Zaslav is the new CEO. If you haven't seen David Zaslav, the new CEO, speak, here is a little video of him good little speech: https://www.youtube.com/watch?v=0i0v5GVZ30o
Because our US congress is being bribed, a main solution to monopolies is term limits. About 90-95% of representatives are re-elected to Congress year after year. And about 80-85% of the Senate. For example, Diane Feinstein has been a California Senator for 30 years, and I am almost convinced that they have put an android in her and there's just a thin coating of her skin over it. Why is this happening...why don't we have term limits?
Maybe 6 years for both, then the politician is OUT.
Surely it is campaign finance reform that is needed in the USA?
Term limits might be useful, it would strengthen parties and party discipline. Is that a good thing? I use to think so, but what has happened to the GoP is disturbing (from a distance - I am no expert on your USA politics)
Mono- generally means "one". When the lists being discussed all have a minimum of 2 companies we aren't talking about monopolies.
Those companies aren't monopolies either, they all compete with a large number of successful groups. Ticktok has been banned in some markets because they are too successful at competing with the existing social networks- it isn't from the US.
Google owns like, 90% of the market. If you are going to argue that there are other players, like Bing and ... whoever else there is, then I'm not buying that.
Amazon should be broken up, even though there are tons of other people with online stores. Amazon is a monopoly at what they do.
And even when there are 2,3,4 competitors, one has to have governmental regulators to make sure there's no collusion, which effectively makes a monopoly.
As far as tiktok goes, it is banned mainly because it is a Chinese company and they are collecting data on US citizens. And China is a dick, so that's why banned.
While this is somewhat off topic, as far as China goes, I'd put super harsh limits on everything that they do here. I'd make them follow the exact same rules that they make others follow in their country. China is ALL about forced partnerships, for example. with forced partnerships, so that they can steal IP. One of the conditions of working in China is FORCED transfer of technology. Foreign banking, telecom, payment systems are not allowed. China has banned Facebook and Google. China requires all foreign fund management companies to set up an internal unit for supervision by the Chinese Communist Party. So this applies to companies like Blackrock Fidelity, etc. So Tiktok isn't a particularly good example for me.
Cool. Let's make a new definition, love your idea, thank you!
Also, I think that this type of argument, which I've seen before, is an attempt to split hairs and and engage in obfuscation. FUD. I'm not falling for it.
Which is why breaking apart companies that form monopolies is so important. Break up Facebook. Break up Amazon. Break up the Warner Bros Discovery merger that just happened (why was that allowed in the first place?).
Monopolies are the one major failing of capitalism. Busting up monopolies is an important function of government. Unfortunately, all our congress is now bribed (they call it lobbying and PACs) and work for the monopolies or oligopolies. So that's how Warner Bros Discovery has happened to create this huge news and media organization. In any merger, I like to see who the new CEOs are and get a sense of them. David Zaslav is the new CEO. If you haven't seen David Zaslav, the new CEO, speak, here is a little video of him good little speech: https://www.youtube.com/watch?v=0i0v5GVZ30o
Because our US congress is being bribed, a main solution to monopolies is term limits. About 90-95% of representatives are re-elected to Congress year after year. And about 80-85% of the Senate. For example, Diane Feinstein has been a California Senator for 30 years, and I am almost convinced that they have put an android in her and there's just a thin coating of her skin over it. Why is this happening...why don't we have term limits?
Maybe 6 years for both, then the politician is OUT.