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this post was submitted on 08 Jul 2024
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I liked it better when large corps could go dark practically overnight, e.g. Enron. Andersen, et al.
And then the concept of "too big to fail" was born.
Too big to fail means too big to exist, you're a defacto monopoly and need to be broken apart if you're too big to fail.
Does duopoly count, the only competitor is Airbus
Being monopolistic does not mean you have no competitors, but that you are big enough to adversely affect the free market so that you can't be competed with.
So yeah, it counts, and so does Apple for example.
More specifically, the government got Enron but the PR campaign waged by corporate lobbyists is directly responsible for the milquetoast prosecutions since then. They actually got a majority of Americans to believe the government was at fault for people losing their jobs and pensions. The pensions that were already embezzled. And the jobs that were already getting cut because the embezzling was starting in on the corporation.