Oerthling t1_j2w8eua wrote on January 4, 2023 at 11:13 AM

Reply to comment by 5GCovidInjection in European economies have developed stronger anti-trust regulations, more competitive markets, and more robust consumer protection than the US in the last 20 years. The reason for this is the EU. EU member states are incentivized to empower a strongly independent pro-competition regulator. by smurfyjenkins

The US legalized political bribery (through a number of braindead SC decisions like Citizens United). As a result Congress has been bought. Legally. The bribe just has to be called a campaign contribution and a lobbyist delivers pre-written laws - how convenient.

What Americans want, if you go by polls (e.g. universal healthcare) and what they get from their politicians (laws that favor the biggest corporations) has been disconnected for many years.

Glass-Stegal Act gets cancelled - hello 2008 crash. Now there's more Too-Big-To-Fail banks playing casino games than ever.

Anti-trust laws are almost defunct, because there's hardly any enforcement. MS was found guilty of criminal anti-competitive activities - the verdict got watered down into irrelevance.