While lately I’m hard on this administration, I’ll give credit where credit is due:
AP Report – Government sues to block AT&T, T-Mobile merger
WASHINGTON – The Justice Department filed suit Wednesday to block AT&T’s $39 billion deal to buy T-Mobile USA on grounds that it would raise prices for consumers.
This is exactly the right thing to do. This is what the Sherman Antitrust Act et al is about.
For those who might argue from a Libertarian standpoint that the government should keep their hands off, my answer is that in this already heavily “intervened” or “manipulated” environment, one where the government’s policies create far more monopolies than they destroy, this makes sense.
If it was a truly Libertarian world, I might think differently (I’d probably be dead but…).
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