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caesil | 9 months ago

It’s amazing how twisted the term “anti-competitive” has become. Where anti-competitive companies push for anti-competitive regulations under the false pretense of preventing anti-competitiveness.

Standard Oil is being competitive.

The U.S. oil refining and distribution industry is being anti-competitive.

Because they suck at competing against Standard Oil and they want to get unfair, unethical advantage themselves.

Imagine spending years and billions building something and then I show up and say “hey man that’s not fair, give me a slice of that thing”.

And before someone tells me “that’s the Sherman Act”, I don’t care. If that’s the law then it should be changed. Laws have been written (and lobbied) for all sorts of reasons and surprisingly not all of them are fair and ethical.

(I hope this illustrates how easy it is to make this exact argument about literally any monopoly.)

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