I've heard several times now on the radio today Gayorkas talking about Apple having a monopoly with their iPhone. Which as an Android owner I scoff at, but seems funny DOJ making moves against Apple.
https://www.cnbc.com/2024/03/21/doj-sues-apple-over-iphone-monopoly.html
I remember back when, and monopolies used to be frowned upon and even broken up. But now in retrospect I'm dubious if the breakup was truly to benefit We The People.
Nothing in the current corporate environment ultimately benefits “We the People” long term. Publicly traded Corporations primary duty is ultimately to their shareholders and their stock price. Their Secondary duty is to long term company health. The interests, health, and well being of Americans Citizens and Consumers is ultimately a tertiary interest or not a factor at all.
Because taking those into account. Would involve sacrificing their short term profit margins and shaving down their stock price. Even if doing so would ultimately be beneficial for both the people and company long term.
Hence Corporations are increasingly pursuing self-destructive actions at the behest of their primary shareholders. Which are usually firms like Blackrock.
Private and small time Companies in turn usually have to take some lessons from the Big Corporations, and cheap out and skimp, in order to stay afloat.
While the cheaping out and skimping maybe beneficial short term for the Consumers Wallets. Long term it only hurts everyone
They never really got broken up, they still coordinated behind the scenes and the same executives just got spread across the companies they got broken up into. It was always fake.
I worked for a fortune 100 company for 30 years in middle management. This is 100% accurate. It was a shell game. We even had crossover board members. It’s all an illusion.