Charles Bastille
1 min readFeb 22, 2023

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I loathe Peter Thiel .

I also disagree that regulating huge monopolistic companies will somehow discourage young entrepeneurs.

Let's say that somehow Meta gets dismembered into a thousand smaller companies (which would be a good thing, not a bad thing, because it would drive competition).

Zuckerbueg, who started Facebook, loses nothing. He's still richer than all but about 20 people in the world.

Same with Microsoft. Does Gates lose one red cent if the company is broken up? Do Page or Brin lose anything? Bezos?

No. They remain filthy rich. Incentive remains as long as the U.S. is a haven for capitalism.

I worked in tech for a long time and watched big tech companies swallow up small companies who made better, cooler products. then, simply close that company down.

How is this good for competition?

Three cheers for Lina. She has her work cut out for her. The Biden administration's efforts at cutting down on monopolistic practices have already been shut down by the courts three times.

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Charles Bastille
Charles Bastille

Written by Charles Bastille

Author of MagicLand & Psalm of Vampires. Join me on my Substack at https://www.ruminato.com/. All stories © 2020-24 by Charles Bastille

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