The title is a little misleading. This ruling is only regarding the preliminary injunction. There is still an ongoing suit with the FTC and we will need to wait for that to be resolved. However, knowing how these things go, Microsoft will make a ton of promises about creating jobs, keeping their content available to everyone, and agreeing to play fair. They will get approval and immediately turn around and terminate a ton of jobs, start making things exclusive, and backtrack on their promises. Then…nothing will happen. There will be no repercussions. Rinse and repeat.
Thank the GOP for basically ridding the US of antitrust law, which is now basically no longer a thing.
contemporary democrats are not any better, they make hella frequent concessions to anti-competitive business practices under the guise of licensing or stimulus
This is why US democrats are considered center-right compared to the rest of the world.
I think they’re still there, just haven’t been trotted out in recent history. And mergers keep getting approved.
The last merger that got blocked was almost 50 years ago, I believe. So yeah…it’s probably dead.
The guys who claim capitalism works because a free market will create better things through competition. Guess they weren’t so much for the competition stuff and just became puppets for corporations. We also have it completely legal to openly bribe politicians which makes zero fucking sense, except we call it lobbying so it somehow becomes okay.
Only thing worse than free market capitalism is state sponsored. Decades of the fed flooding the big banks with capital to loan, taxes taken from everyone but the largest corps, and regulatory capture (see copy right for this topic), and we get corporations that demand difficult anti trust actions just to slow down.
Only pure liberals think leaving the free market by itself with minimal regulation is a good thing. Capital attracts capital and becomes basically a snowball.
But is the solution a market controlled by a centralized entity? You just pointed out politicians can also be corrupted. So… Giving more power to an entity that can be corrupted is the solution?
The problem is corruption. Any system you can propose can be fucked up by corruption. The justice system, politicians and government can be corrupted under any system because they are human.
If I’m wrong, just propose any system and I’ll tell you how it crumbles because of corruption.
It’s my understanding that Microsoft can now close the deal and acquire ABK before the FTC trial would even take place (as soon as July 18th, though unlikely given the new UK CMA negotiations). What happens to the suit if the merger is already complete?
Probably a fine that’s simply justified as “operating costs”. It’s actually kinda bullshit, they shouldn’t be allowed to buy up all the NA competition. Next is probably EA. Thankfully Sony saw this coming and started investing in new studios and IP.
How does one bring Teddy Roosevelt back from the grave? I’m uh…asking for a friend? Yeah. Let’s go with that.
I’d be pretty surprised if MS is allowed to purchase another huge publisher. Zenimax was pretty small, but ABK is huge. But who knows at this point…
