Democrats Propose New Competition Laws That Would 'Break Up Big Companies If They're Hurting Consumers' (arstechnica.com)
An anonymous reader quotes a report from Ars Technica: Senate and House Democratic leaders today proposed new antitrust laws that could prevent many of the biggest mergers and break up monopolies in broadband and other industries. "Right now our antitrust laws are designed to allow huge corporations to merge, padding the pockets of investors but sending costs skyrocketing for everything from cable bills and airline tickets to food and health care," US Senate Minority Leader Chuck Schumer (D-NY) wrote in a New York Times opinion piece. "We are going to fight to allow regulators to break up big companies if they're hurting consumers and to make it harder for companies to merge if it reduces competition." The "Better Deal" unveiled by Schumer and House Democratic Leader Nancy Pelosi (D-Calif.) was described in several documents that can be found in an Axios story. The plan for "cracking down on corporate monopolies" lists five industries that Democrats say are in particular need of change, specifically airlines, cable and telecom, the beer industry, food, and eyeglasses. The Democrats' plan for lowering the cost of prescription drugs is detailed in a separate document. The Democrats didn't single out any internet providers that they want broken up, but they did say they want to stop AT&T's proposed $85.4 billion purchase of Time Warner: "Consolidation in the telecommunications is not just between cable or phone providers; increasingly, large firms are trying to buy up content providers. Currently, AT&T is trying to buy Time Warner. If AT&T succeeds in this deal, it will have more power to restrict the content access of its 135 million wireless and 25.5 million pay-TV subscribers. This will only enable the resulting behemoths to promote their own programming, unfairly discriminate against other distributors and their ability to offer highly desired content, and further restrict small businesses from successfully competing in the market."
We already have anti-trust laws. The primary point of them is to break up companies that are too big, or to prevent the formation of companies that are too big. The solution is to enforce those laws seriously not to add more laws on top.
I get that they want to put on a good show, but it's not like they actually have the votes to accomplish a damned thing without help from the other side of the aisle. I don't see Republicans actually supporting this idea. It just seems rather unlikely.
"So long and thanks for all the fish."
Amazon is making things cheaper and easier to obtain, but it is going to kill Mom and Pop stores. Is that "hurting consumers"?
I feel like that definition solely depends on much those big companies donate to Democrats.
Salaries stagnant since the 70s and the growing wealth gap is clear evidence that companies are finding it too easy to put pressure on common employees. About time someone is looking at increasing competition to obtain good workers.
Force Facebook to give up users to Google+ and MySpace. Maybe even bring back Friendster.
We need to trust bust not just cable and wifi providers - and get rid of non-compete agreements and municipal-exclusion provisions - but also trust bust banks and phone companies.
All of them.
With zero payouts to the top execs on the dissolution of their anti-capitalist combines.
-- Tigger warning: This post may contain tiggers! --
Absolutely. Looks like Facebook, Google and Microsoft shills (likely employees) are modding you down and out in force as usual.
Perhaps we could just stop funding them on the backs of consumers?
Oh, wait. Done that.
deleting the extra space after periods so i can stay relevant, yeah.
And so the UniParty is exposed.
deleting the extra space after periods so i can stay relevant, yeah.
the party is stacked with "Corporate Dems" like Chuck Schumer & the Clintons who are really just Republicans that think pot should be legal, immigration is fine and maybe we should leave the gays alone (but don't let 'em marry, that's icky).
They're searching for an issue they can use to differentiate themselves from the Repubs. They can't do Medicare for All, College for All, End the Wars, real infrastructure bills (aka the "New New Deal") or even really end the war on drugs since their donors don't want any of that. So we get crap like this. Meanwhile they keep losing seats because what the hell's the point of voting for Republican Lite?
The Bernie Democrats (a wing of which is calling themselves "Justice Democrats") is trying to kick 'em out of the party. If you want to see the country move to the left you need to join 'em and get voting in your primary.
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What will Pelosi's corporate masters think? They might break up the DNC in retaliation.
“Common sense is not so common.” — Voltaire
In other words, we'll make life difficult for the companies which haven't paid us off, but will leave you alone if you are a big Democratic donors.
Any guest worker system is indistinguishable from indentured servitude.
Regulations that were effective in the past is no longer so. Much of what used to protect the American people has been torn away over the last 40 years. And now we have the ruling Citizens United v. Federal Election Commission, which neither the Democrats or Republicans wish to address. The status quo is profitable for the current oligarchy, and DNC posturing that they'll break up the "big bad corporation" lacks teeth because multinational corporations can reorganize so quickly under the same set of shareholders and board. Such measures by the DNC are unlikely to pass, and will be quickly forgotten. You can consider this the opening salvo for mid-term elections. I'd argue if the DNC was serious about going after corporate behavior that harms Americans, there would be talk from the main-stream Democrats to deal with the Citizens United ruling, but I really haven't seen anything but hot air.
“Common sense is not so common.” — Voltaire
Posting conspiracy theories that can be disproven with a single click doesn't make you look good.
Nobody modded the AC down. You're logged in, so you can click score in the title of the post. if it's been modded up or down, you'll see the initial posting score and a summary of the mods applied. As I post this, it was posted at zero and there's no history to show..
I completely agree. We can start with the Heartland Institute...
The world's burning. Moped Jesus spotted on I50. Details at 11.
Posting conspiracy theories that can be disproven with a single click doesn't make you look good. Nobody modded the AC down. You're logged in, so you can click score in the title of the post. if it's been modded up or down, you'll see the initial posting score and a summary of the mods applied. As I post this, it was posted at zero and there's no history to show..
Pretty sure that if you post to undo a moderation it magically disappears.
Live today, because you never know what tomorrow brings
Pretty sure a bunch of shills who were paid to mod down comments (the conspiracy being pushed here) wouldn't suddenly have a change of heart and see the light and come back and post as AC to remove their mods.
On one hand, the companies this would be targeting are big enough to hold either de facto or explicit monopoly power, which isn't good for competition. On the other, in this new zero-slack, tiny-margin economy that looks like it's upon us, large companies would be the only ones making enough profit to pay their employees well.
I was just reading this article 2 minutes before reading the linked article. Companies that are being squeezed to the point where they can't make any more money are certainly not going to make life easier for their employees. If you optimize the system 100% and remove all inefficiencies, you could have a situation where nobody can provide enough value to sell their labor anymore. I know that sounds very Luddite-y, but IMO we're at the point where the vast majority of people can't simply move up the job ladder to the next better position when theirs is eliminated. There are too many people employed in middleman positions who will no longer have work, nor have any way to get new work.
Sure, no one wants monopolies with unlimited pricing power. But should the alternative be a hyper-efficient world where no one of average skill and intelligence can find work?
This was already tried. The Articles of Confederation were a failure.
Does anybosy here actually know any US history?
The world's burning. Moped Jesus spotted on I50. Details at 11.
The eyeglasses bit surprised me as well. Is there really just a couple big companies making them?
Either they were there and now gone or my bad I was looking at the wrong post or window I had up.
The point is shills that worship at the altar of these companies are always out in force in comments across sites like this regardless that I thought I saw neg points to that post at that time.
I'm saying we've got some right wingers in our party who are soft on a few social issues. If I want to blame the Republicans for something I've got multiple wars, the 2008 economic crash (though Clinton gets some of that Blame for starting the deregulation that led to it), our awful healthcare system, the war on drugs and all the horror it brings, decades of institutionalized racism being used to drive a schism between members of the working class so wages could be suppressed.
When I've got no shortage of awful things to blame the Republicans for that they actually engineered why bother with something they had nothing to do with?
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Yes, Luxottica. Per Snopes "Eyewear retail giant Luxottica owns a number of high-profile eyeglass and sunglass brands, as well as several optometry chains and the second-largest vision care insurer."
What a troll. I don't think I've ever seen a better one. You tick all the boxes, referencing my post while ignoring it to make a nonsensical point that passes the truthiness test (Leftist gave us Trump, which is so silly I'm not going to bother).
You don't believe that if the Democrats ran a better candidate Trump would have lost? You can't run a basic Google search and find all of the Presidents, Senators, and Congress people and find their ideologies and influences? Oh, I get it. You just don't like facts.
You should go work for one of those Russian outfits that engineered the Trump presidency. Shoot Jared and email, I'm sure he'll meet with you (he meets with _everybody_). Say hi to Paul Manafort for me.
Oh, I see. It wasn't that Trump won the Electoral college with a better message for Middle Class Americans and looked cleaner than Clinton. It was all those damn Russians who did it.
You do realize that that narrative lacks any facts, and was completely dismissed by the Obama Administration's head officials right? Oh noes, more of those things called "facts"! Show me one single fact of Russia hacking the election. I will personally write my Senator, Congressional Rep, the AG, and President and demand that Comey, Kerry, and Clapper be tried for Contempt of Congress since they lied.
I'm pushing back against the Marxist tactics the far left has engaged in since Trump won the election, you are promoting them. Who exactly works for the Russians between the two of us? If you are lost on the "Marxist tactics", see how other totalitarian governments attack opponents and their families.
We can debate facts, but facts in political threads tend to be moderated "troll" on Slashdot. While your allergy to facts is bothersome to rational debate, it's actually sensible on Slashdot. FWIW, I'm not pro-Trump at all. That does not make me for the BS that the far left and media have been spreading for the last year.
-The wise argue that there are few absolutes, the fool argues that there are no probabilities.
The Federal Government is too big! So, we need to break it up. Tim S.
Correction: should be Iraq war, not Iran war (although it might become one under the New Guy.)
Table-ized A.I.
Well, there goes my business plan for a BDSM dungeon.
Have gnu, will travel.
to borrow more money. Whoop de do. When I was a kid college had massive federal subsidies. That's why it was affordable. Then Clinton started slashing those subsidies under the banner of 'Fiscal Responsibility'. The money was translated into tax cuts which in turn won him the donations he needed to get elected.
The Dems never really _do_ anything about those oligarchies. Obama did, but he was a president so as soon as he was out it didn't matter. If the Dems had at least run somebody anti TPP (e.g. somebody who didn't flip flop when she realized it was going to cost her the nomination) maybe I'd cut a little slack.
Kick the corporate Dems to the curb. Let them go back to the Republican party and move them to the left instead of moving the Dems to the right.
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This was already tried. The Articles of Confederation were a failure.
Does anybosy here actually know any US history?
Uh, the Articles of Confederation was not an attempt to break up the Federal Government because there was no Federal Government (or USA) before then. The Articles of Confederation was the beta version, so to speak, and ratified before the war with Great Britain was even over.
Are you thinking of the Confederate States of America? Or their Articles of Secession? That was a different thing.
The party that is not in power at the moment and can't do anything always wants sweeping changes ... As soon as the party gains power they want to keep things as they are.
Republicans wanted to repeal obamacare very badly when they were out of power. Now when they are in power, not so much.
Democrats want to break up big corporations when they know nothing like this will pass.
The hope is that the dumb populace will vote for the "party of change" next time.
"Today more than 80% of major eyewear brands, including the world’s No. 1 seller, Ray-Ban, are designed and retailed (over 7,000 stores US alone) by Luxottica"
https://www.forbes.com/sites/deancrutchfield/2012/11/27/luxottica-sees-itself-as-king-raising-questions-about-brand-authenticity/#2cf8a02213cb
They own most eyewear retailers. They own the 2nd largest vision insurance company. And it's actually gotten worse since then - they merged with essilor the number one manufacturer of lenses and contacts, who also previously bought out most of their competitors.
If you've tried to buy glasses lately it is awful. You will run into the skeeziest smarmiest sales techniques I've ever seen.
Break your glasses and need a new pair asap? They'll claim they "can't" make a new pair until you pay them for a new eye exam, which they'll do whenever they happen to have time available.
You can't see without them? Who cares, fuck you.
And I tried at least 5 different places. They all clearly run the same skeezy sales con. You "can't" get anything new without paying for an eye exam. The place I actually had an up to date eye exam tried to tell me I'd have to get another one in order to buy glasses through them.
And lenses - the lens material with the best optical quality is CR39. It's also the cheapest. You can expect huge theatrics about how they'll be super thick, heavy, your children will contact the plague and die if they come into contact with CR39 instead of "high index" lenses. So I bought both. Guess what? High index makes me dizzy, it's harder to see, I can't see to the sides. CR39 on the other hand, no issues. CR39 was about a mm thicker...whup de do.
I can't really describe the emotional hysteria you run into as they run one skeezy sales technique against you after another.
They do this because they own everything - if you get pissed and leave, that just means you buy from another shop that also sells glasses from the same people.
No deal Shumer unless you stop "resisting" any attempt to repeal Big Opharma care.
Thank you for taking the time to provide all of that. I've only been wearing glasses for a few years, and haven't really done my homework. I thought I had a good experience where I went, but I needed an eye exam anyway, and I had no idea most brands had the same parent company. (I got a pair made by Hackett... wouldn't surprise me if they're in that group, but they're based in London, so maybe I got lucky?)
in the rust belt and because Trump ran on a populist message while she ran, well, without one. She couldn't say anything that would piss off her corporate donors so she had to shy away from anything better than "we'll take a few percentage points off your college loans and let you borrow more money, and oh yeah health premiums are gonna skyrocket about 20% less". That's not a message _anyone_ could get behind. It didn't help that she was for TPP until it became clear it would cost her the primary.
Never mind the fact that the Dems should never has nominated somebody with 20 years bad press. But she could've weathered all that and won if she had just stopped being so damn arrogant and campaigned in the rust belt. She was off wasting time in Arizona while Trump's people were pounding the pavement in Ohio and Wisconsin. There's interviews with Dem party leaders in swing states talking about how they never once saw any of her people. When one of the key issues is that voters feel like their being forgotten and/or taken for granted and you're taking them for granted well, you're just out of touch.
Hilary was everything everybody hates about the Democrats. Not just in theory but in actuality. She's the real thing. A genuine right wing democrat. And just as useless.
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Something that both offical parties and the republican supporters ignore. His "better message for Middle Class Americans" *** WAS A PROGRESSIVE MESSAGE ***
No, it was a Nationalist message. Addressing illegal immigration probably being the number one issue with many voters, an issue dating back to the 70s. Most candidates claimed they would fix the issue (Clinton gave some good speeches on the topic) but no politician has dared to actually work on it. Trump was seen as the _only_ candidate who would have addressed that issue.
We could say the same for fixing our tax system, addressing political corruption, and a few other hot button topics.
The "Trillion dollar infrastructure" came pretty late and was not an issue for his base, but trying to get progressives under the tent. Same with a couple other more progressive items which his base voter does not like. But a partial win is better than no win to people ignored over the last 30 years of politics.
And, no, he wasn't cleaner than Clinton, not even appearing to be so. Clinton lost her voters because they cared about the clean stature of their candidate whilst Trump lost very few voters because they *don't* care about the clean stature of their candidate.
I don't believe Trump is virtuous or of high morals and would never pretend as much, but Clinton is and was downright sleazy in terms of corruption. Your statement is not true, at any level. The whole NeverTrump movement out of the R side is because of his lack of morals and virtue. Clinton was seen as worse, and all you have to do is look at the red/blue map for proof. Compare 2016 to 2008.
Certainly this is not a single item selection and many factors went into the votes. None of those factors are what the Dems have been claiming for the last year.
-The wise argue that there are few absolutes, the fool argues that there are no probabilities.
They say that Putin is a high-quality person.
“Common sense is not so common.” — Voltaire
It's not necessarily that the investment banks themselves were too big to fail, it's that so many assets from common citizens were tied up in them, such that the collapse of the banks would have destroyed the retirements of many many average Americans.
If wealth is the accumulation of LABOR, then why aren't LABORERS wealthy? The flaw in the argument is that wealth is the accumulation and overvaluation of the role of CAPITAL in the social contract between the owners of capital and the laborers hired to do the actual work of production. As the gap between the wealthy and the accumulation of non-productive wealth (ie, playing financial games with the symbols of wealth, things like unearned capital gains and huge stockpiles of funds in the control of fewer and richer individual entities (super corporations and super rich individuals) the rules of capitalism break down, and the mythical invisible hand of the market no longer provides for the needs of real people. Instead, we ge a government that reinforces and serves the needs and desires of the wealthy while providing only minimal lip-service to the needs of the more numerous providers of labor. This effect is further compounded by the advances in robotics and AI into every facet of our technology and by the pre-eminence of the financial industry, which can enrich itself by playing games with the imaginary symbols of value (AKA money), while using the resultant political (governmental) power to prevent labor from forming unions, to capture the regulators in government to limit and quantify the cost of pollution to their corporations, and to ignore such things as the inequality of the distribution of the basic needs of life for clean water, pure whole foods, and unpolluted air. Democracy and the rights of the workers (LABOR) are messy, difficult to control things, and do not have the binary certainty of machine-driven trading of financial assets. Suppressing competition is one of the ugly facts of capitalism, and the bigger or more wealthy the capitalist entity, the more power they can wield in the halls of government, especially when the most wealthy use the topmost echelons of the upper middle class to insulate them from the unwashed masses, through the use of zoning codes, school vouchers, and high tuitions to the best schools for their progeny, who have the best access to the best jobs, due to their lifelong access to better schools (a symptom and result of the reliance of public schools on the tax base of the real estate values of each school district. Federal funding for schools is fought over as the funding mechanism of last resort for the poorest of public schools, while for the richer neighborhoods, that same funding is merely icing on their already privileged cakes. I could go on but the truth of what I write should be apparent to any critical thinking person.
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