Nicolas Petit @competitionprof.bsky.social · 13/01/2025Next, comparing the market capitalization of Gilded Age trusts like Standard Oil and U.S. Steel to modern platforms like Google and Amazon presents challenges. 7/N 100
Nicolas Petit @competitionprof.bsky.social · 13/01/2025Any meaningful comparison must account for historical context: Standard Oil and U.S. Steel operated in an era with less global capital and product markets than today. 8/N 110
Nicolas Petit @competitionprof.bsky.social · 13/01/2025It's well-known among antitrust experts that the Sherman Act of 1890 was preferred to removing tariffs on U.S. imports. The economy then was far from globalized. 9/N 100
