I think we need new legislation that prevents companies with a valuation over a certain inflation-adjusted threshold, say $10 billion, from participating in mergers. Then split up the big troublemakers. This way, they can’t just buy each other out until there are only a few left. They have to innovate and compete to keep growing.
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TWeaK@lemm.ee 1 year agoThe company needs to be broken up.
Because that solution worked so well in the telecomms industry.
We need a solution, but breaking up businesses isn’t the only one - and arguably isn’t a good solution when they can more or less carry on with the same practices under more complex ownership structures. A better solution is regulation and enforcement. The government is supposed to regulate to level the playing field between consumers and big business.
legoshark@lemmy.world 1 year ago
centof@lemm.ee 1 year ago
Too bad our regulation framework is captured by the same people who own those companies and their friends.