Mises Wire

The Limits of Brand Names

The Limits of Brand Names

With the news hook of AT&T’s decision to give up residential phone service, this wonderful piece in the NYT illustrates how it is that consumers are in charge of the production process. Neither the author nor the editor who put the piece in the “advertising” section seem to be aware of the implications for antitrust, quality and safety regulation, unionism, and the whole apparatus of intervention that assumes that big-name producers have vast autonomous power over society.

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