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 numbe...
Similar Posts
Marginal analysis is useful in decisionmaking
Marginal analysis involves comparing the additional benefits and costs of a decision before making it. This analysis is crucial...
Decline
The decline was everywhere, although no one could say exactly when it began. It was a gradual erosion, a slow fading of the Ame...
Tax policy influences economic behavior
Tax policy can have a significant impact on the behavior of individuals and businesses within an economy. By adjusting tax rate...
Monetary policy affects the money supply
Monetary policy plays a crucial role in regulating the money supply within an economy. By adjusting interest rates and influenc...
Efficiency should guide antitrust policy
Antitrust policy should be primarily concerned with promoting economic efficiency. This principle reflects the recognition that...