Steelplate
New member
Pretty much happening in the cell phone industry right now...
Yes, government gets involved - if an acquisition is going to cause a monopoly, govt stops it. That's so we don't end up with very expensive ice cream all in one flavor (to use Steel's excellent analogy)
I may not like all the results of deregulation, but did you enjoy the days when AT&T was the only phone company and airlines cost a fortune because they didn't have to compete in a free market?
The bad thing about the standard oil issue? They were broken up into 12 companies....you see most of them around you today...Exxon, Gulf, Texaco, etc.....but they made a mistake....they are still just subsidiaries of.....Standard Oil.
I forget exactly how it happened....it was a mistake in the courtroom, I do know that. But a chunk of the profits of those big 12(if there are still 12) still goes directly into a master account. I read about it in Dylan Ratigan's "Greedy Bastards". Good read if you have the time.