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Continued thread

"The Collusion Tax

"There are plenty of studies showing massive government waste, but it’s not in the Federal workforce. It’s in procurement, the place where the government buys from the private sector, everything from pencils to software to nuclear submarines. The government spends about $750 billion a year on contracts. How much of this money is wasted?

It turns out, the answer is a lot."
--

"So here’s the simple way to slice through the bloat we see all around us. It’s not easy, because it would require a genuine commitment to taking on the enormously powerful people who benefit from the status quo."

"But it is simple to understand, and in explaining it, I hope it will also explain what Americans really want done by their new leaders.'" __

thebignewsletter.com/p/cutting

3rd big trial vs on Monday.

"The essence of antitrust law is to try to keep the system working by recognizing that, at certain points, some companies may get too big for their own good, they're self-imploding, or the technology may become so dominant that it's just crushing all other elements where there can be innovation." - Judge Leonie Brinkema, 2023, United States v. Google LLC

updates admin cases v Google:
thebignewsletter.com/p/a-post-

"#Trump and #Harris both read polls about #inflation. To that end, Trump's general approach is to argue that cost is driven by govt #regulation, limits on oil drilling and high #CorporateTaxes. Whereas Harris sees the issue in terms of #BigBusiness having too much power to set prices. In other words, both articulate a frustration with centralized power, though Trump points only at govt, while Harris points both at large corporations and govt." #MattStoller #economics
pocket.co/share/e8f8c942-5de1-

PocketMonopoly Round-Up: Price Gouging vs Price Fixing vs Price ControlsToday’s monopoly round-up for paid subscribers has a ton of great stuff, from a new judge blocking a sports streaming monopoly to a coming formal government request to break-up Google.

I haven't been watching, but pointed to this speech by Teamsters Union prez Sean O'Brien at the Republican Convention. It's an eye opener. Some tepid cheering from delegates when he takes on Big Tech's resistance to labor unions (especially Amazon), blasts the Chamber of Commerce as a union for Big Business, and stands up for workers. Claims he's not beholden to any party. He better be speaking at the Democratic Convention.
youtube.com/watch?v=0pDnocISOKc

Continued thread

More from post about DOJ v Apple

"Like the rest of Big Tech, Apple is less a technology development firm than a middleman, standing in between the relationships of consumers and businesses, taking a piece from each. And it strong-arms anyone who tries to disrupt its role as that critical middleman, using coercive contractual terms, denial of access to key technologies, or outright deception via its impressive branding."

--- thebignewsletter.com/p/why-the