There’s compelling arguments either way. On one hand, this is a pretty naked attempt to hit at China and control the flow of the US government’s desired information.
On the other hand, the legislation isn’t technically a ban, but a forced divestment of a corporate asset. The power of the government to force the breakup, dissolution, or divestment of corporate entities is the basis of US antitrust law, and is well established.
The power of the government to force the breakup, dissolution, or divestment of corporate entities is the basis of US antitrust law, and is well established.
Unless of course the monopoly holder is an american corporation. Then it’s a good monopoly.
We’re living in the next gilded age simply because people “forgot” monopolies are bad and those laws remain unused against giants like google, amazon, meta and many many more.
Are you forgetting that there are currently antitrust lawsuits going against both Amazon and Google? The current administration is absolutely in favor of breaking up monopolies, regardless of where the company is.
There’s compelling arguments either way. On one hand, this is a pretty naked attempt to hit at China and control the flow of the US government’s desired information.
On the other hand, the legislation isn’t technically a ban, but a forced divestment of a corporate asset. The power of the government to force the breakup, dissolution, or divestment of corporate entities is the basis of US antitrust law, and is well established.
It’s an interesting case.
They literally said they want tiktok gone cz they can’t control the narrative: https://www.google.com/amp/s/amp.theguardian.com/commentisfree/article/2024/may/07/israel-al-jazeera-us-tiktok-ban
Unless of course the monopoly holder is an american corporation. Then it’s a good monopoly. We’re living in the next gilded age simply because people “forgot” monopolies are bad and those laws remain unused against giants like google, amazon, meta and many many more.
Are you forgetting that there are currently antitrust lawsuits going against both Amazon and Google? The current administration is absolutely in favor of breaking up monopolies, regardless of where the company is.
And Apple.