Yes, large monopolistic corporations can spend large amounts of money on, presumably, completely unmonetizable research.
Nevertheless anti-Trust law exists because of the belief that monopolies should not exist and that it is the governments function to dismantle monopolies. The consequence of that is that corporations who can freely spend hundreds of millions on basic research will be dismantled as well, as happened with AT&T, and the funding for the basic research will cease.
>YC is arguing that their incentive for funding that basic research should be taken away in order to spur innovation?
No. That is the stance of the government. YC is arguing that the remedies the government is seeking are appropriate.
Nevertheless anti-Trust law exists because of the belief that monopolies should not exist and that it is the governments function to dismantle monopolies. The consequence of that is that corporations who can freely spend hundreds of millions on basic research will be dismantled as well, as happened with AT&T, and the funding for the basic research will cease.
>YC is arguing that their incentive for funding that basic research should be taken away in order to spur innovation?
No. That is the stance of the government. YC is arguing that the remedies the government is seeking are appropriate.