Of all the terrible things he’ll do, this one was at least happening either way. Lina Khan was also on the shitlist of all the billionaires supporting Harris, with supposed “good billionaires” like Mark Cuban directly calling for her removal.
It was a nice 4 years of having a functional FTC, but it immediately scared the ruling class enough that it had no hope of survival.
Nothing I hate more than ppl claiming there are “good” billionaires. A good billionaire would spend all their money lobbying congress to stop billionaires from being a thing in general
It is a class war folks…
always has been.
🌎🧑🚀🔫(Luigi)
War on mergers? What in the absolute fuck are they going on about? Our government has never been more friendly to mergers. We need to be breaking corporations up left right and center not approving more mergers.
These fuckers aren’t going to be happy until there’s just one mega corp that owns literally everything (including the government).
Highlander, Inc. Where There Can Only be OneTM.
These fuckers aren’t going to be happy until there’s just one mega corp that owns literally everything (including the government).
“We’re calling the corporation: X”
Welcome to Costco, i love you
But that means just one CEO…😎
Think of the savings on lead costs! That alone is worth it.
Welcome to the BnL superstore. Axoim to be built at a later date
The Albertson merger was just stopped
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I get what you’re saying, there’s been way too much consolidation in way too many industries.
That said, there have been quite a few mergers that have been blocked in the last 4ish years or so, to my surprise and pleasure. Albertsons-Kroger is the recent big one that in the news. JetBlue + Spirit were also blocked, and so was Penguin Random House + Simon & Schuster. Apparently, UnitedHealth wanted to merge with another insurance company and that was blocked as well
Granted, it’s worth remembering: any examples of things they don’t like will always be blown out of proportion, by the right, and made to seem as though the sky is falling.
Found this quote, which seems legit, tho the website seems a bit sketchy.
This year, regulatory bodies, particularly the US Federal Trade Commission (FTC) and the Department of Justice (DOJ), have been actively scrutinizing merger deals to maintain market competition. Albertsons’ $25 billion merger with Kroger was halted, underscoring the FTC’s commitment to prevent monopolistic behaviors. Similarly, JetBlue and Spirit Airlines pulled back their $3.8 billion deal following a judicial decision highlighting anti-competitive issues. In the luxury sector, Tapestry’s attempt to acquire Capri was nixed by a court decision driven by an FTC lawsuit. Meanwhile, Avangrid’s acquisition of PNM Resources hit a dead end without regulatory approval, and UnitedHealth Group’s planned $3.3 billion takeover of Amedisys is facing DOJ lawsuits over competition concerns in home health services.
Source: https://finimize.com/content/regulators-put-brakes-on-major-merger-deals-in-2024
Yo, if anyone’s interested, Hasanabi just posted a great video on YouTube interviewing Lina Kahn, the FTC commissioner. Very timely and relevant and super informative
They’re just inventing grievances now. It’s so rare that any huge merger actually gets stopped, it’s insane. We need more trust busting not less
It’s not an invention, but a reframing of the class war.
The very tame attempts at more stringent anti-trust enforcement by the Biden administration already triggered them to no end.
Yo, if anyone’s interested, Hasanabi just posted a great video on YouTube interviewing Lina Kahn, the FTC commissioner. Very timely and relevant and super informative
Edit: oops, accidentally replied twice
Here’s the interview with Lina Khan and Hasan:
She’s such a badass!
You’d think there’d be tons of memes crediting her with fixing the McDonald’s ice cream machines since she helped make it so franchises can fix their own machines (i.e. right to repair)
