Wednesday, October 29, 2014

The Crushing Case Against Antitrust Regulation

-Thomas DiLorenzo
That is the topic discussed by Tom Woods and myself on his radio show today.  So-called antitrust regulation has always been a protectionist racket that thwarts competition in the name of protecting it.  After all, why would politicians promote competition and “the public interest” when they can personally profit from using antitrust as a political pork barrel instead?  There’s no political “profit” in simply allowing businesses to compete peacefully.  In contrast, there’s always been big money (and votes) for politicians who use antitrust to protect politically-connected businesses (and their unions) FROM competition.