monopoly power gave the company a trust fund for research that was practically infinite, but every interesting idea that came out of that research could be immediately adopted by other firms. So much of the American success in postwar electronics—from transistors to computers to cell phones—ultimately dates back to that 1956 agreement. Thanks to the antitrust resolution, Bell Labs became one of the strangest hybrids in the history of capitalism: a vast profit machine generating new ideas that were, for all practical purposes, socialized. Americans had to pay a tithe to AT&T for their phone
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