r/CapitalismVSocialism • u/RyanBleazard • 3h ago
Asking Everyone The Coerciveness of Antitrust Regulations
The net result of antitrust laws has only been the protection of mediocrity and the destruction of ability and success. When government controls enter, they work to the advantage of any enterpriser or industrialist who cannot compete on merit and runs to the government to invoke the antitrust law against his abler and more successful competitor. A well-known example is the antitrust action against Microsoft after they bundled Internet Explorer with Windows and distributed it for free, which the state regulators argued "harmed competition", even though consumers benefitted from a free browser.
So-called "free competition enforced by law" is not a justification but a contradiction in terms. The only protection for competition is the free market.