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preston4tw | 4 years ago

I relatively recently read a biography on John D. Rockefeller and this reminds me of some of the things Standard Oil did with rail companies to gain a market advantage.

https://en.wikipedia.org/wiki/Standard_Oil#Monopoly_charges_...

Rabbithole indeed. Here's notes from a meeting of the HoR Judiciary Committee in 1999, "ANTITRUST ASPECTS OF THE OCEAN SHIPPING REFORM ACT OF 1998": http://commdocs.house.gov/committees/judiciary/hju62447.000/...

TIL that ocean carriers have apparently been exempt from antitrust laws since ~1916.

discuss

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efitz|4 years ago

Well there’s your problem right there. Regulatory capture with a heaping helping of crony capitalism.

chermi|4 years ago

But you repeat yourself!