this post was submitted on 27 Jul 2023
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Who in the fuck do they think they're fooling? There hasn't been any sort of large corporate antitrust breakup since Bell Systems in the early 80s. They expect us to believe that after 40 years of inaction, suddenly they're going to do their jobs again? This is nothing but pandering to pad approval ratings. I would love to be wrong, but I'm not getting my hopes up.
The FTC has actually been crazy busy this administration - https://www.ftc.gov/news-events/news/press-releases - they're really doing far more than at any other point in my lifetime.
I fully support the FTC burning it all down, but then I read this paragraph, and it did not give me confidence: “The FTC has had Amazon in its sights this year. The company recently agreed to a $5.8 million settlement with the Commission over Ring privacy violations that included employees spying on customers. And in June, the FTC sued Amazon over "deceptive" Prime subscription tactics.”
5.8 million is probably Jeff Bezos’s weekly cheese budget. It’s loose change in his car seat.
Lol sayin the quiet part out loud
If it's about burning down the corporate regulatory capture and their stranglehold on markets that killed free market capitalism, then it's not the quiet part. That's the literal mission of the FTC that it hasn't been fulfilling for half a century now.
Citation needed.