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70 points

Missing context here is that Bell labs was at its most productive when it was a government backed monopoly, with the govt insisting that it work in the general public benefit. It’s not possible now because that sort of public-private symbiosis has totally fallen out of favour and regulators just don’t really have the teeth to grab the bull by the horns like that anymore.

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12 points

Or to put that another way, it would take putting the teeth back in regulation (among other things).

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