It used to be a crime. Still is. But neoliberal governments the world over have largely stopped enforcing anti trust. Which is unfortunate, as Joseph Stiglitz proved, corporations naturally manipulate information asymettry to the detriment of the market. Corporatism naturally kills the market and we need regulation to keep the competitive market working.
Those days are long gone meaning conservatives can no longer even pretend to be the ideological defenders of the market. They are blatant market manipulators.
Big companies have been doing that to competitors for my entire life.
The only new thing here is that he is admitting it publicly.
It used to be a crime. Still is. But neoliberal governments the world over have largely stopped enforcing anti trust. Which is unfortunate, as Joseph Stiglitz proved, corporations naturally manipulate information asymettry to the detriment of the market. Corporatism naturally kills the market and we need regulation to keep the competitive market working.
Those days are long gone meaning conservatives can no longer even pretend to be the ideological defenders of the market. They are blatant market manipulators.
The government doesn’t seem to be too happy about it now that he’s gone and admitted it: U.S. steel CEO’s ‘confessions’ for buying Stelco prompted government to call its lawyers: industry minister
Sure, till he “donates” a million to Trump or whatever. US law is dead and gone except to abuse the enemies of the right wing.