Monday, September 17, 2018
From an extremely different era 3
Noticed in a 2002 Collectible Auto article on GM's sneaky "severe usage" models aimed solely at professional racing:
Unfortunately all the effort came to naught. On January 24, 1963 GM, fearing an antitrust suit from the Dept of Justice, announced that it was pulling out of all factory-sponsored racing activities. Apparently the "Win on Sunday, Sell on Monday" marketing was working too well, pushing GM's market share dangerously close to the 60% level that would trigger a Federal investigation.
60% was the threshold, and the Feds obviously MEANT IT. We can guess that GM was also taking several other steps to control its market dominance.
Can you imagine any Federal market regulator "working too well" now? What is the threshold where Bezos will take steps to control his market dominance? Null concept. Unimaginable. He can own the entire world and the Feds will continue to give him infinite subsidies and zero taxes to help him own all universes. We've gone from anti-trust to Required Trust.
Labels: defensible times
¶ 11:52 AM
