Back to Atomic Laissez Faire

Lest we forget that deregulation was a project of the left, not just the right, here is Marxist legal historian Morton Horwitz in 1984: Almost nothing in the antitrust debates supports what would soon become Theodore Roosevelt’s new conservative distinction between “good trusts” and “bad.” Roosevelt was operating under a newly emerging view that corporate […]

Begging Markets

In a world in which there were no government, firms would be forced by competition to do things that are bad for the world, that even the firms themselves realize are bad and do not really want to do, and our only hope for salvation would be that firms choose not to do those things, […]

Flying 20/20

Frank Lorenzo, head of Texas International Airlines: [I]f the Aviation Act of 1975[, which deregulated the airlines,] goes into effect, we will, over a period of years, end up with a couple of very large airlines. There will be many small airlines that will start up here and there, but they will never amount to […]

Facebook’s Refusal to Deal in Excellence

The emails released last week by a British parliamentary committee, in which Mark Zuckerberg can be read snooping on WhatsApp and approving a policy designed to cripple competition from Twitter, tell much about the shortcomings of antitrust policy today. The emails show that in 2013 Facebook cut off Twitter’s access to its users’ Facebook friend […]