Incidentally, MY degree is in economics. Wendy Milling is right. It is amazing to me how people who claim to be capitalists, conservatives, and people who espouse Free Markets don't understand the principles of those very concepts. . . and embrace bureaucratic interference in the operation of the Free Market forces that allow them to work! That is what this author is talking about! You guys might as well be centralized power Democrats!
The Anti-trust laws came about because of excesses of Government involvement with business in the first place... the granting of privileges and contracts that should never have been granted.,. because of crony capitalism. The OVER-REACHING of centralized government doing what was never authorized in our Constitution.
Incidentally, MY degree is in economics. Wendy Milling is right. It is amazing to me how people who claim to be capitalists, conservatives, and people who espouse Free Markets don't understand the principles of those very concepts. . . and embrace bureaucratic interference in the operation of the Free Market forces that allow them to work! That is what this author is talking about! You guys might as well be centralized power Democrats!Someone recently posted a quote from Ayn Rand sharply critical of antitrust law. And hard to rebut, I thought. However, I do have one particular application of Antitrust which I would love to see in court - the trust implications of the Associated Press. Before the AP, newspapers were fractiously independent. After the AP, all reports are written toward the AP newswire, so reporting in America is homogenized. Long after the telegraph was deployed, the AP newswire served such an unassailable market - the economical transmission of news nationwide/worldwide - that it seemed permanently “too big to fail.” With the advent of laser/fiber optic transmission lines and satellite/microwave transmission, conservation of transmission bandwidth has become a tertiary concern. We don’t need the AP to tell us what happened in Baghdad last night; any ordinary Iraqi can blog about it. The trouble we face in America is that “the media” aren’t “objective.” Well, that’s not it - of course they wouldn’t be objective, nobody is objective. The actual trouble we face is that so very many Americans don’t know that journalists are as biased as anyone else. Especially when they say they are objective!!