Monopoly: Fears, Fallacies, and Facts
Americans are told that early Progressive success came when Teddy Roosevelt broke up monopolies that were gouging the people, and we need such laws today. Not so! ...
In January 2001, Time Warner merged with America Online (AOL). Valued at $350 billion, it was the largest merger in American history.
Critics, including lawmakers and consumer groups, warned that the deal would stifle competition and perhaps even signal the demise of Internet freedom. Senator Mike DeWine (R-Ohio), chairman of the Senate Judiciary Committee’s antitrust subcommittee, said the merger raised “a whole host of competition and public policy issues.”
“Is this merger the effective beginning of the end of the Internet as an effective counterweight to traditional media outlets?” he asked.
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