AT&T-Time Warner is Godzilla v Rodan: citizens will get squashed

The US government is right to oppose the monster company mega-merger a judge allowed this week. An appeal must follow

Antitrust has two main theories of competition. One is to try to ensure that lots of rivals compete in open markets to create better products and services. Call this the democratic theory. The other is to allow a few giants to control everything, then use antitrust only to make sure there are enough giants to create some competition, here and there. Call this the Godzilla versus Rodan theory. Godzilla is of course the Japanese irradiated sea monster and Rodan is a flying beast strong enough to fight Godzilla.

Related: AT&T $85.4bn takeover of Time Warner approved by judge in blow to Trump

Godzilla can do pretty much whatever he wants to the citizen as long as Rodan and Mechagodzilla get to share the spoils

Related: Mega-mergers like AT&T and Time Warner crush American democracy | Zephyr Teachout

Continue reading…