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Antitrust harms consumers from "summary" of The Antitrust Paradox by Robert Bork

The idea that antitrust harms consumers is a widely accepted notion, ingrained in the public consciousness and promoted by the media, policymakers, and even some academics. However, this belief is based on a fundamental misunderstanding of the goals and effects of antitrust laws. Antitrust laws were originally intended to promote competition and protect consumers from the harmful practices of monopolies and cartels. Over time, however, these laws have been misinterpreted and misapplied, leading to a focus on protecting competitors rather than consumers. This misguided approach has resulted in a number of unintended consequences, including higher prices, reduced innovation, and decreased consumer choice. By targeting successful companies and limiting their ability to compete, antitrust laws have actually harmed consumers rather than helping them. In addition, the enforcement of antitrust laws has become increasingly unpredictable and arbitrary, leading to uncertainty in the business community and inhibiting investment and growth. This unpredictability has also led to a chilling effect on competition, as companies are hesitant to engage in aggressive behavior for fear of facing antitrust scrutiny.
  1. The concept that antitrust harms consumers is a misconception that has been perpetuated by a misunderstanding of the goals and effects of antitrust laws. By reevaluating the purpose of antitrust laws and focusing on promoting competition rather than protecting competitors, we can ensure that consumers are truly benefiting from a competitive marketplace.
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The Antitrust Paradox

Robert Bork

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