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IPFS News Link • Internet

Monopoly AT&T Plan Will Further Control the Internet, Content

• http://www.thedailybell.com

AT&T Mulls Reinvention for Web With $86 Billion Time Warner Deal  … DirecTV parent wants to own leading Hollywood film, TV studio … Merger accord could be reached Sunday, announced by Monday … Time Warner Inc. and AT&T Inc. have survived the evolution of color TV and cable over the decades. Now they're merging to adapt to the latest technological shifts: smartphones and streaming. -Bloomberg

Another Bloomberg article that makes it sound like such a vast merger is business-as-usual. But it's not. It's just a furtherance of the technocratic, corporate-judicial monopoly that passes for a "free-market" in the West.

Thomas Jefferson and other US founders were so worried about bankers and corporations that they made sure money production was left in the hands of individuals. Need money? You could dig gold and silver out of the ground. The federal government would weigh and stamp the metal. It was a confirmation process not a creative one.

When it came to corporations, history showed clearly their destructive nature. The legacy of the horrific East India Company was, for one thing, a US Constitution that made it very difficult for large corporations to emerge. In the US, the power to regulate corporations was given to states, and for good reason.

Before the Civil War (and the inevitable destruction of the republic) corporations hardly existed. And for good reason.

Here from Podacademy.com

The East India Company was in existence for over 250 years –  from 1600-1858.  It was the biggest corporation in world history.

Largely forgotten in the UK, it was responsible for the opium wars with China, it contributed to devastating famines in India,  and was a perpetrator of cruel employment practices in Bangladesh and other British colonies.

The East India Company was chartered by the Queen and even ran its own army at one point. Sooner or later, no doubt, US companies will get to this point. We can actually see this starting to happen with the emergence of mercenaries organized and directed via non-governmental enterprises.


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