Book link: Antitrust: The Case for Repeal Introduction Monopoly Theory Cartels and Predatory Practices Government and Monopoly Antitrust: Some Classic Cases Standard Oil of New Jersey (1911) American Tobacco (1911) American Can (1949) and United Shoe (1954) Microsoft (2001) Conclusions Author The United States has had antitrust legislation at
If you think that the “tax the rich” rhetoric from the left-wing of the Democratic Party is primarily about economics you would be sadly mistaken. After all, there isn’t enough tax revenue in the highest income bracket, even with a 90% marginal rate, to fund anyone’s pet social program for more than 48 hours. Do progressives know this? Of course
As political and academic progressives expand their frenzied attacks on “wealth” and on the alleged transgressions of “big business,” antitrust regulation is suddenly back in vogue big time. As an example, take the off-the-wall proposal by Sen. Elizabeth Warren ( D-Mass.) that firms such as Amazon and Google be regulated as public “platform”
Elizabeth Warren has made antitrust a major public policy issue in her campaign for the Democratic presidential nomination. She has argued that several high-tech companies such as Amazon, Google and Facebook are just too big and that they should be broken up by the Justice Department in a major antitrust initiative. Let’s be clear. Using antitrust
The Free Market 16, no. ( 1998) The Microsoft Corporation’s continuing difficulties with the Department of Justice, even after an appeals court ruled in the company’s favor, reveal the absurdity of attempting to apply 19th-century antitrust law to a 21st-century computer and telecommunications marketplace. Microsoft had licensed its Windows
The Free Market 17, no. 8 (August 1999) I reside in Indian River County, Florida, where jury duty is mandated by statute, as in most states. This means that the courts in the county are authorized to “summon” specific individuals for service in civil and criminal proceedings as jurors. A failure to respond to the jury duty summons will be
In his latest version of the “problems with free trade” argument, PCR appears to grant that free trade is beneficial generally, but is only problematic when all (or nearly all) firms seeking cheap labor actually relocate to the cheap labor market country. But even aside from the remoteness of this condition in reality, it can be argued that, at
Volume 2, No. 3 (Fall 1999) The resourceful antitrust community has simply gone ahead and reinvented itself by developing several new theories and an entirely new approach to evidence. (Unfortunately, the new approach is that favorable evidence no longer matters.) All of this is important since the antitrust enthusiasts and regulators intend
The Free Market 26, no. 4 (April 2005) For those who thought that the Microsoft antitrust nonsense was over, think again. In March of 2004 Microsoft was fined a record $648 million by the European Commission for exercising its (alleged) monopoly power in the operating systems market. The most important element of that alleged monopoly power was
Volume 16, No. 1 (Spring 2013) The author explores during a lecture that all antitrust regulation is economically inefficient and morally wrong and all of it—the laws and the enforcement agencies—should be thrown out. He states this because it’s right and because it’s true and because it’s always our obligation, regardless of the consequences, to
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.
