[mfworks]

Mostly because In the 1980's the mergers guidelines at the FTC were dramatically narrowed explicitly to reduce antitrust enforcement and allow consolidation. It basically kicked off the wave of Corporate Raiders like Carl Icahn that dominated the 80s financial world (Gordon Gecko was based of this model of individual). Since then we've seen consistent, steady consolidation of almost every industry.

Matt Stoller writes about this frequently, and does an incredible job highlighting everywhere it's happening and what the downstream consequences are. I'm surprised he's not more popular on HN.

Article on what I described above: https://www.thebignewsletter.com/p/the-secret-plot-to-unleas...

[mfworks]

One of the most unambiguously good things Biden did during his term is appoint the actual most aggressive antitrust individual in the modern political environment to be head of the FTC, and a similar profile in Jonathan Kanter to the DOJ.