Dr. Dominick T. Armentano hits the nail on the head. "Antitrust theory and history are both a myth and a hoax. The laws were never intended to help consumers... and their long historical track record is that they have not helped consumers. They have, instead, punished innovative and efficient business organizations while protecting less efficient competitors and every state-sanctioned monopoly. They have tended to make consumers poorer and the overall economy less efficient and they deserve to be repealed, not reformed."
A Politically Incorrect Guide to Antitrust Policy - D.T. Armentano - Mises Institute
Wednesday, September 09, 2009
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