Antitrust Regulation Assumes Bureaucrats Know the "Correct" Amount of Competition

Antitrust Regulation Assumes Bureaucrats Know the “Correct” Amount of Competition

Tags: U.S. Economy

11/24/2021 Nicholas Baum

The process of learning what’s most efficient and profitable includes merging with competitors and taking over different stages of the supply chain—all tactics that would be considered in violation of current antitrust laws.

Original Article: “Antitrust Regulation Assumes Bureaucrats Know the “Correct” Amount of Competition“

This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

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.