Source: The American Prospect
by David Dayen
“We live in a remarkable moment historically. The government’s antitrust authorities have decided to renew skepticism of corporate power after 40 years in the wilderness, returning to a position held in America since the Boston Tea Party that big corporations threaten economic liberties. This small band inside the Biden administration is challenging mergers and winning monopolization cases to break up big companies. Just last week, the Justice Department laid down its initial thoughts in the ongoing monopolization trial against Google, arguing that it could recommend separating the search giant from its cellphone operating system (Android), browser (Chrome), and app store (Google Play) businesses. Around 43 percent of the S&P 500 index, by market capitalization, is under an actual antitrust lawsuit or an investigation. Yet this renewal is under threat from a new president coming in next January.” (10/15/24)
https://prospect.org/blogs-and-newsletters/tap/2024-10-15-all-the-money-and-power-in-the-world/