Archive for October, 2008
Monopolies vs. Antitrust laws
Some food for thought from the Mises forum:
“…antitrust laws block entrepreneurial entry into the market and thus anti-competitive in nature. But, surely, in theory and in practice, monopolies through mergers are more likely to restrict the competition necesary for a free market to function.”
Antitrust laws are backed by force, ergo a big gun. Monopolies can be taken down by any “David” with a better idea.