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'A Gift to the Oligarchs': Trump Pick to Replace Lina Khan Vowed to End 'War on Mergers'
(www.commondreams.org)
this post was submitted on 11 Dec 2024
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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).
Welcome to Costco, i love you
But that means just one CEO....😎
Welcome to the BnL superstore. Axoim to be built at a later date
Think of the savings on lead costs! That alone is worth it.
This is just straight up misinformation. Lina Khan's FTC was extremely hostile to large mergers, frequently suing to stop them, and that's a very good thing. They also were working on several large antitrust cases, including one that they won against Google. They are literally in the process of breaking up a monopoly as I write this.
All of that is going to get flushed down the fucking toilet now that the Republicans are back in. Good job America.
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.
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
Link: https://youtu.be/ZaTs4V2BUdo?si=a9atSQ8TS-DcKDAx
Highlander, Inc. Where There Can Only be One^TM.^
The Albertson merger was just stopped