Stock Investments In An Antitrust Era

Since what we are talking about could take five years or more to play out, the appointment of Lina Khan is an important milepost in the process the body politic must go through to come to the right conclusion. You are going to hear everything virtuous about these “vast combinations” from analysts, lobbyists, and politicians whose pocketbooks are being packed by their largesse. You will hear how they aren’t unfair to the competition, what great prices the “customer” gets for their product and how virtuously they eliminate your right to free speech right in front of our eyes. They don’t mention that you’re being compensated for the money they’re making off of your privacy.

The same “concentration” of economic power was true of the railroads in the 1800s, Standard Oil in the early 1900s, AT&T in long-distance phone calls, and Microsoft blocking other browsers in the 1990s. Google probably wouldn’t exist today if Microsoft hadn’t been sued by the U.S. government for antitrust in the late 1990s. Investors should heed this history!

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