In this talk, Ryan Krause, assistant professor of Strategy at the Neeley School of Business, Texas Christian University, explains that non-coercive monopolies can and do exist on a free market, why non-coercive monopolies are benevolent, how business strategy is essentially a plan for achieving a monopoly and how antitrust law criminalizes the essence of business strategy.
America’s antitrust laws are administered by a flourishing establishment of academics, regulators, lawyers, judges, and think-tank analysts whose mission in life is to torment businessmen. Want to see how they operate? Let’s start with an academic journal article by two antitrust scholars named John Connor and Robert Lande, and see where it leads.
The European Union’s competition law is so broad, vague and oppressive that it makes America’s antitrust laws look clear by comparison. Well, not really — the American laws are horribly and incurably non-objective — but the EU’s law surely belongs in a separate ring of legal hell.
In this episode of Eye to Eye, I sit down with Edwin Rockefeller, author of The Antitrust Religion, to discuss his hard-hitting, top-to-bottom criticism of antitrust law and the “community” of lawyers, regulators, economists, and academics who interpret its mysteries.
Two makers of ski equipment have caved in to threats from the Federal Trade Commission, partially surrendering their control over two important business decisions: celebrity endorsement contacts and employee hiring.
The more you read about antitrust cases, the more you hear that the laws’ goal is to improve “consumer welfare.” And who could be against “consumer welfare”? The term’s rosy connotations seem to foreclose debate before it can begin.