Antitrust & Monopolies

Misunderstanding the Meaning of a “Monopoly”

As long as government secures and protects private property rights, enforces all contracts entered into voluntarily and through mutual agreement, and assures law and order under an impartial rule of law, “monopoly” as an economic or social problem is virtually non-existent. But introduce government intervention into the market system, and monopoly invariably becomes a social harm and an economic problem.

The DOJ’s Coercive Case against Google

The DOJ’s Coercive Case against Google

One of the DOJ’s main criticisms is how Google established itself early on as the default search engine for Apple and Android products, yet doing so was simply shrewd business strategy. Anyone with the opportunity to do so would have done the same.

Maximizers and Monopolies, A Benefit to Society

Maximizers and Monopolies, A Benefit to Society

Consumers will choose the best options, or only options, according to their interests and perceptions of value – and companies can either cater to existing needs and wants or create new ones. That is why capitalism is such a beautiful thing, and why the only time monopoly concerns should arise is when government cronyism is involved.

Mergers & Acquisitions: The FTC versus the Free-Market

Mergers & Acquisitions: The FTC versus the Free-Market

The FTC is placing itself as the primary arbiter when it comes to business transactions, and it is conveying that it can predict what the future holds for innovations and acquisitions. This creates an environment of not only great uncertainty for business, especially now that previous transactions may be revisited and reconsidered, but also great risk for the competitiveness of US firms.

Political Interference In Big Tech Is A Big Mistake

Political Interference In Big Tech Is A Big Mistake

The aftereffects of antitrust have always been anti-producer, anti-consumer, and anti-progress. Ayn Rand rightly asserted that, “The Antitrust laws—an unenforceable, uncompliable, unjudicable mess of contradictions—have for decades kept American businessmen under a silent, growing reign of terror.”

Google is Not a Coercive Monopoly

Google is Not a Coercive Monopoly

“Monopoly” means either “the only firm in an industry” or “a firm with explicit, government-granted privileges that prevent other people from competing with it.” Google doesn’t fit the bill.

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