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this post was submitted on 26 Sep 2023
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Technology
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We absolutely can. Break up every company at 999 mil and we‘re golden. It’s the lack of competition that makes enshittification possible.
Yep. There needs to be a legally mandated market cap after which the federal government automatically supervises the company breaking into smaller competitors.
Or, ideally, liquidated and sold a department at a time to existing competitors, to ensure actual competition.
We have a sane person in this comment section! I love it. Can you please run for some public office?
Oh my sweet, summer child...
Yeah, yeah. Wishes not miracles, and all that. I'll take world peace and a pony, too.
But there's value in discussing where the target belongs.
As long as we're belaboring the point, mehacompanies should be require to sell divisions of their choice (cough Amazon Web Services cough.) to competitors to stay below the market cap. That way we don't create a cliff, but still see things broken up.
The laws and regulations that make these behemoths able to exist should be fixed. Stop putting worse regulations on top of bad ones.
Sounds like we agree in principle.
I'm willing to advocate for the kind of hammer that might scare some of these players into taking legal reform seriously.
I'm perfectly willing to accept other legal solutions.
I am also perfectly willing to support an administration bent on burning down the big players that are fighting for monopoly control.