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Sanders Says He Would Break Up 'Conglomerates' Like Disney/21st Century Fox

Poetic Injustice

Poetic Injustice

Member
Oct 25, 2017
874
Among the companies Sanders singled out: "Disney’s acquisition of 21st Century Fox has created a conglomerate that controls media in sports, in movie theaters, and on television," he said.
The key components of Sander's "Break Up Monopolies and Make Markets Competitive" plan are:
  1. Review all Trump administration mergers and undo improper mergers.
  2. Reinvigorate the Federal Trade Commission to break up conglomerates and monopolies and institute clear, strong merger guidelines.
  3. Establish caps for vertical mergers, horizontal mergers, and total market share.
  4. Ban mandatory arbitration clauses and non-compete clauses that trap workers in low-wage jobs and strip them of their legal rights.
He would also restore the corporate tax rate from 21% back to 35%, eliminate the 20% deduction on pass-though business income and much more.
He pointed out in outlining his plan Monday (Oct. 14) that if his plan had been in effect last year, Amazon would have paid $3.8 billion in taxes rather than nothing at all.
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JABEE

JABEE

Member
Oct 25, 2017
8,616
Go Bernie Go.

This is a big problem in our society which will only continue to worsen.
 
ConHaki66

ConHaki66

Member
Oct 27, 2017
3,870
Unless he has executive power to do that, how is he going to manage that with so many conservative judges now in the courts and a likely republican senate
 
Dongs Macabre

Dongs Macabre

Member
Oct 26, 2017
2,264
This is NOT a joke but hypothetically how would this affect the Marvel Cinematic Universe (home of Tony Stark the Iron Man and many more)
 
Tfritz

Tfritz

Member
Oct 25, 2017
8,705
3 and 4 are both really good and important things that kind of get overlooked in discussions about monopolies

("Make Markets Competitive" sounds a bit...)
 
Kthulhu

Kthulhu

Member
Oct 25, 2017
14,668
iscodisco93 said:
Unless he has executive power to do that, how is he going to manage that with so many conservative judges now in the courts and a likely republican senate
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Correct me if I'm wrong but most antitrust action is handled by the FTC and DoJ. He won't need to rely too much on the Senate except for appointments which no longer has a filibuster and the judges can always be appealed.
 
Z-Beat

Z-Beat

One Winged Slayer
Member
Oct 25, 2017
26,908
Bernie, no. The president doesn't have more power than Disney. They'll put you under Space Mountain
 

Deleted member 1086

User requested account closure
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Oct 25, 2017
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Boise Area, Idaho
so who would own 21st Century Fox then? News Corp didn't want it any more, hence the sale to Disney. Would he just make it it's own company? Would kind of set it up to be gobbled up by some other company down the road then wouldn't it?

May sound like a good idea but I don't see how this would actually work out.
 
peyrin

peyrin

Member
Oct 27, 2017
4,408
California
slightly related, but I hope he also goes after the absolutely criminal copyright hogging and extensions that disney has lobbied for
 
SamAlbro

SamAlbro

Member
Oct 25, 2017
5,379
Dongs Macabre said:
This is NOT a joke but hypothetically how would this affect the Marvel Cinematic Universe (home of Tony Stark the Iron Man and many more)
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The Marvel / Fox contract wouldn't suddenly revert back to existence - so the X-Men and Fantastic Four would stay wherever Marvel goes.

It could be, in the process of dividing the company, that Marvel is viewed as too big to combine with other aspects of Disney, and becomes independent.
 
xxracerxx

xxracerxx

Avenger
Oct 25, 2017
27,046
Dishwalla said:
so who would own 21st Century Fox then? News Corp didn't want it any more, hence the sale to Disney. Would he just make it it's own company? Would kind of set it up to be gobbled up by some other company down the road then wouldn't it?

May sound like a good idea but I don't see how this would actually work out.
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A Hunger Games type situation where a pool of execs are drawn at random and then have to compete to head a de-funded studio.
 
2PiR

2PiR

alt account
Banned
Aug 28, 2019
978
yeah no old man. That's abuse of power and you can't do that unless there is monopoly or wrongdoing by Disney. So far Disney has competition in all their businesses.
 
Boiled Goose

Boiled Goose

Banned
Nov 2, 2017
10,003
Power is consolidating way way too much. Companies this big and integrated shouldn't exist. Too much influence. Too much power.
 
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