DOJ Nixes Lax Policy, Hardens Antitrust Enforcement
eldavojohn writes "A policy from the Bush era seen as a hurdle to the government prosecuting companies under antitrust laws has been withdrawn by Obama's Department of Justice. From the article: 'The DOJ's Antitrust Division has withdrawn a September report that "raised too many hurdles to government antitrust enforcement and favored extreme caution" toward antitrust enforcement action, the DOJ said. The change in policy could mean that the department looks harder at the actions of technology vendors such as Google, Oracle and IBM, as detractors have raised antitrust concerns about all three in recent months.' You may recall that Google has come under some antitrust scrutiny recently and the pressure may have just gotten a little more intense."
Can we finally have Microsoft cut in two now, please?
Circumcision is child abuse.
Now would be a good time to break them up, as should have been done before. Why wont it happen? Because hoards of Microsoft lawyers now have jobs with the Obama administration.
End result? , lets go after anyone Microsoft doesn't like, as in Google.
Please notice that I did not use "M$" in the body of this post. The use of "M$" inflaes the paid Microsoft shills that seem to hang out here.
* Carthago Delenda Est *
I remember gobs of people complaining about letting businesses get to be "too big to fail" back when the last administration started the process of bailing out financial companies. I'm curious as to just how many of those same folks will be showing up lauding this move -- and of those who don't, how they expect to prevent businesses from growing that large without regulatory action.
Because AT&T, Apple, Intel and MS pay LOTS of money to congressmen, as well as hire lots of ppl that worked in DOJ later on.
I prefer the "u" in honour as it seems to be missing these days.
Seriously, which one of these findings were so objectionable. Was it:
"No single test for determining whether conduct is anticompetitive such as the effects-balancing, profit-sacrifice, no-economic-sense, equally efficient competitor, or disproportionality tests works well in all cases. The Department encourages the continuing development of conduct-specific tests and safe harbors;"
or
"Remedies for conduct that is found to violate Section 2 should re-establish the opportunity for competition without unnecessarily chilling competitive practices or undermining incentives to invest and innovate;"
This is my sig.
However exploiting them is. For those of you asking why Google and not Apple, perhaps that's why. I'd be hard pressed to say Apple has a monopoly in any of its markets anyway.
What is the government's intent in pursuing anti-trust action? If it's to make markets more competitive there are better industries to target than microchips, software and computer manufacturing. The barrier to entry for the software market is very low. In my opinion any emphasis here should be on limiting mergers and acquisitions that stifle innovation.
However if their goal is to limit the exploitation of consumers they need to revisit telecommunications. Start with the government-granted monopolies given to the cable companies. Then take a look at the oligarchy that the wireless phone market has become. AT&T may not be the "Ma Bell" of yore but they seem to be heading that way.
Seriously, if we would have let Citibank or AIG go down the shitter, what would have happened? Let's see, we would have had a month where we lost 600,000 jobs.
Oh, jeez, we get those every month now.
TARP is hands down the dumbest bipartisan thing ever done. Right about now the House Republicans that opposed TARP are starting to look really good. TARP was a trillion dollar waste of money.
And of course, we followed that up with another trillion dollar waste of money in the stimulus. Our latest moron in chief could conceivably go and blow that on another stimulus that has 0 impact on GDP... as for some reason our retards in Washington think that we just need to get consumers borrowing more when the problem with the USA is that everyone has borrowed too much.
This is my sig.
So, on one hand, the Treasury Department is spending billions of dollars to keep massive corporations from breaking up and, on the other hand, the Justice Department will be spending billions of dollars to make sure they do.