07-22-2019, 10:22 AM
(This post was last modified: 07-22-2019, 10:23 AM by David Horn.)
I missed this, and it deserves a comment.
The last great monopoly breakup was AT&T in 1984 -- certainly a 3T effort. The difference between then and now is the political climate. Reagan's 'Morning in America' rhetoric seems naïve and mundane in today's much harsher world. I should also note that the Bell Breakup was the last act of Carter's deregulation efforts, airlines being the most notable example. Since the Big Techs are already exempt from any meaningful regulation, breaking any of them apart would have to be justified by citing them as de facto monopolies. That would make them the opposite of the regulated variety of the past, and the breakup a repudiation of Laisse Faire. That is not a 3T effort.
(07-19-2019, 01:21 AM)Warren Dew Wrote: I think what drives the change from the third turning to the fourth turning is concentration of wealth reaching its maximum value. To reverse course to the third turning would require peaceful deconcentration of wealth, which I doubt is possible. In the present context, it would require antitrust actions that broke up Google, Facebook, Microsoft, etc.; I just can't envision antitrust actions going beyond fines, much as I would like them to happen.
The last great monopoly breakup was AT&T in 1984 -- certainly a 3T effort. The difference between then and now is the political climate. Reagan's 'Morning in America' rhetoric seems naïve and mundane in today's much harsher world. I should also note that the Bell Breakup was the last act of Carter's deregulation efforts, airlines being the most notable example. Since the Big Techs are already exempt from any meaningful regulation, breaking any of them apart would have to be justified by citing them as de facto monopolies. That would make them the opposite of the regulated variety of the past, and the breakup a repudiation of Laisse Faire. That is not a 3T effort.
Intelligence is not knowledge and knowledge is not wisdom, but they all play well together.