US govt sues Google for winning at capitalism

[Dexterity]

https://www.rt.com/news/570439-us-su...ng-online-ads/

Google has used “anti-competitive, exclusionary” practices to illegally crush or diminish any major threats to its dominance over the online advertising industry, President Joe Biden’s administration has alleged in a lawsuit against the company.

The US Department of Justice (DOJ) filed its antitrust lawsuit against Google on Tuesday in US District Court in Alexandria, Virginia, calling for the company to be forced to sell off parts of its advertising business. Advertising accounts for about 80% of the Big Tech behemoth’s revenue.

Google owns dominant services enabling customers to offer advertising space, create better ads and match publishers with advertisers. The company has leveraged its size and reach to buy out or disrupt “actual or potential” competitors and to leave advertisers and websites little choice but to use its services, the lawsuit alleged.

“Google has thwarted meaningful competition and deterred innovation in the digital advertising industry, taken supra-competitive profits for itself and prevented the free market from functioning fairly to support the interests of the advertisers and publishers who make today’s powerful internet possible,” the DOJ said....

[J_o_o_k]

Yeah this has been ongoing for a while. Monopolies are supposedly against the law yet the government picks and chooses who they call out.

[Zyc]

Capitalism is about having innovation and competition, so destroying that is anti-capitalism.

Jook is right though, the government decides which monopoly they want to go after, otherwise they’re 100% pro-monopoly.

For example, the telecommunications act that consolidated 50 companies into 6, they tell you Facebook and Twitter are (were for Twitter) the only good SM companies and worked with apple and maybe google to eliminate the alt-sm apps from their stores, etc.

Defund the government


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[Dexterity]

Capitalism is about having innovation and competition

This is how capitalism works in a Hayek book

Not how it works in reality.

[Dexterity]

Kling the competition and making the revolving door of government your bitch is actual capitalism.