Bill McGowan, MCI’s Political Entrepreneur
AT&T was one of the most powerful and long-lived monopolies in U.S. history. Tim Wu has documented in The Master Switch how AT&T suppressed innovations, big and small, even some that were generated within AT&T’s own Bell Labs. The advocates of AT&T were articulate and well-connected politically. AT&T was a paradigm case of the seeming invulnerability of crony capitalism. How entrepreneurial capitalism eventually, and partially, won against crony capitalism is of interest, not just for…
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