Monopoly With A Heaping Side Of Extra Racism
—Karl Bode, on how the Trump administration is requiring racist policies as a condition of merger approval.
Making America Jim Crow again.
One of the Trump administration's core policies is to not just approve giant and terrible mergers, but to make racism and sexism a condition companies must meet if they want regulatory approval.
The latest case in point: the Trump FCC rubber stamped yet another major merger in the telecom industry this week. This time the FCC approved the merger of Cox and Charter, two already massive cable companies, creating the biggest cable company in the nation. Just the sort of "populism" everybody asked for!
This kind of consolidation is always harmful to the public interest. U.S. telecom already sees muted competition at the hands of regional monopolies, resulting in high prices, spotty access, and generally terrible customer service.
………That last bit, "no DEI discrimination," is a requirement by the companies that they eliminate already fairly pathetic company programs simply acknowledging that systemic racism and sexism exist.
This is just awful.
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