AT&T has ceased its attempt to buy T-Mobile after—you guessed it—”the government raised concerns that it would raise prices, reduce innovation and give customers fewer choices.”
I wrote about this back in September in my article “Antitrust Is Central Planning.” Here is my conclusion: “Not only should AT&T and T‑Mobile be allowed to merge, but the Federal Trade Commission, the Antitrust Division of the Justice Department, and all antitrust law should be abolished. It is simply not the job of the government to be concerned about prices, innovation, and choices–in any industry.
