The myth of antitrust, the myth of the New Deal and labor union myths are three economic fallacies. All three declare that government must save capitalism from itself.
The Sherman Antitrust Act was passed to fight supposed rampant cartelization practices in the 1880s. Despite bold statements, there existed no evidence of rampant monopolies. The so called antitrust law was a fig-leaf. The real monopoly had been created by tariffs. Antitrust is a protection racket.
Lecture 6 of 10 from the Steven Berger Seminar: Thomas DiLorenzo on Liberty and American Civilization.
