Every facet of American life revolves around profiteering like it’s mandated by God, where giant companies exist in highly consolidated markets in attempt to swallow them whole. As if it were not enough to ruthlessly push out competitors and erect high barriers to entry for startups and small businesses, these…
Comments closedTag: Antitrust
I read a lot. Everyday. Mostly books about economics/political economy/history/climate change. Additionally, I read at least an article a day about similar issues, but also occasionally read other things like novels, movie review articles, and literary essays. This has made me just as good at collecting books (and papers and…
Comments closedOne problem with the way antitrust doctrine is applied today in courts, which itself is an ahistorical interpretation of the law, is the way judges apply the “principles” of economics to their legal analysis of monopoly (anticompetitive) harms, harms sustained by immense market power. The standard, popular threshold to measure…
Comments closedThe whole of social science and legal research offers vast amounts of evidence to disabuse any notion that free markets exist anywhere in a capitalist society. Everyone from non-economists to the general public cannot escape this reality. We as individuals have no choice but to exist under capitalism because it…
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Has the Law Really Been About Protecting the Aggregate Welfare of the Consumer?
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