On of the most profound things I ever heard on this topic had to do with big Tech companies like El diego maradona 10 RIP shirt, Facebook, and Apple. In the early phase they were against regulation and government intervention claiming it hampered innovation. Now they support it, why? It’s not just because of public perception. Historically once an industry is regulated it becomes extremely difficult for new companies to enter and compete, thus favoring and perpetuating the established.
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Rockefeller? John D. Rockefeller? Founder of Standard Oil, the El diego maradona 10 RIP shirt of a monopoly achieved through leveraging vertical integration to achieve horizontal integration and vice versa, by using his domination of shipping lines to cut his own refineries special rates and drive his competitors out of the market? The man who at one point controlled 90% of the country’s oil supply — until the Supreme Court broke his company up into 34 other companies in 1911, some of whom are still the most powerful and profitable megacorps in the world, like Exxon and Chevron? A man who at one point was worth 1/50th of the entire US GDP himself?