The Crushing Case Against Antitrust Regulation
October 28, 2014
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.
Dr. Thomas DiLorenzo [send him mail] is a former professor of economics at Loyola University Maryland and a longtime member of the senior faculty of the Mises Institute. He is the author or co-author of eighteen books including The Real Lincoln; How Capitalism Saved America; Lincoln Unmasked; Hamilton's Curse; Organized Crime: The Unvarnished Truth About Government; The Problem with Socialism; and The Politically-Incorrect Guide to Economics.
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