Massimiliano Neri

Antitrust policies of the EU represent a deplorable distortion of the workings of free competition, writes Massimiliano Neri. In two milestone cases, European antitrust authorities have ruled not by following the rule of consumer welfare, but by applying those arbitrary measures in order to be able to control by decree the process of market integration. And when the free market has presented a product or a business practice that violated this decree, even if it was beneficial for the consumer, the European antitrust authorities declared it illegal.

The author of the Jerusalem Post piece (" The Austrian School Flunks"),makes the naïve assumption that an individual, knowing his personal time preference, knows as well the aggregate market’s time...