Ro Khanna Quotes

A lot of the American press at the time was saying 'just watch what happens when Bertelsmann tries to buy EMI, that will be a moment of truth that will show the Commission's true colors.' Well, that deal never happened either.

That no corporation engaged in commerce shall acquire, directly or indirectly, the whole or any part of the stock or other share capital of another corporation engaged also in commerce, where the effect of such acquisition may be to substantially lessen competition between the corporation whose stock is so acquired and the corporation making the acquisition, or to restrain such commerce in any section or community, or tend to create a monopoly of any line of commerce

Today, we have our own concentrations of economic power. Instead of Standard Oil, U.S. Steel, the Union Pacific Railroad, and J. P. Morgan and Company, we have Amazon, Google, Apple, Facebook, and Microsoft.

Bayer's planned acquisition of Monsanto promises to increase concentration in both the seed and agrochemical markets.

In my view, we need to break up Facebook from Instagram and the other potential competitors that Facebook bought up.

I mean, I don't think the Facebook merger with WhatsApp and Instagram should have been approved. But I'm not for reflexively breaking up tech companies.

Most Americans don't think about antitrust law when they look at their cable bill, flip channels on TV, or worry about what their favorite website knows about them. But they should.

To put a halt to what it considered to be a rising tide of concentration in American business, Congress, with full power to do so, decided to clamp down with vigor on mergers … on the premise that mergers do tend to accelerate concentration in an industry. Many believe that this assumption of Congress is wrong, and that the disappearance of small businesses with a correlative concentration of business in the hands of a few is bound to occur whether mergers are prohibited or not. But it is not for the courts to review the policy decision of Congress…

A study by the Federal Trade Commission found that concerns about every vertical merger examined by the commission from 2006 to 2012 were resolved through 'conduct remedies' rather than divestitures, and that all these remedies had been successful at protecting competition.

Divestitures have long been the preferred remedy for horizontal mergers, where there's an overlap between the two companies. Airlines, for example, may have to sell routes or airport gates where the two airlines compete; cable operators may have to sell operations in cities where both companies operate.

We need to pressure lawmakers to hold hearings on pending mergers, and pressure federal and state enforcers to use their full powers.

I think we need to have stronger antitrust enforcement.

I'm for strong antitrust enforcement.

As president, I will appoint tough, independent authorities to strengthen anti-trust enforcement and really scrutinize mergers and acquisitions, so the big don't keep getting bigger and bigger.

We have believed at CA that consolidation of this industry is something that was required ten years ago.

We have to do more than keep media giants from growing larger; they're already too big. We need a new set of rules that will break these huge companies to pieces.

Wal-Mart does not do big mergers, though it will buy much smaller competitors in so-called 'tuck-in acquisitions.'

Every single time you make a merger, somebody is losing his identity. And saying something different is just rubbish.

In the Sixties, conglomerates were all the rage.

Google has been amazing at acqui-hiring, buying small companies for the engineers. I think in the competitive market of Silicon Valley, it's really a good way to do it. Big acquisitions often don't work out.

Big companies such as Google and Facebook buy startups at ridiculously high prices - not for their products, but for their people.

John D. Rockefeller wanted to dominate oil, but Microsoft wants it all, you name it: cable, media, banking, car dealerships.

The small and medium-sized capitalists, not being able to produce at the same price as the big capitalists, naturally succumb in the deadly struggle.

Possible economies cannot be used as a defense to illegality. Congress was aware that some mergers which lessen competition may also result in economies but it struck the balance in favor of protecting competition.

President McKinley has not been unmindful of the evil of the commercial combinations which will always go by the misnomer "trusts." He did all that he could do to meet them under the law through the Department of Justice, and all that he could do to strengthen the law by recommendations to Congress