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by minsc_and_boo 1252 days ago
>Even if you build your monopoly "fairly" by inventing a better mousetrap, putting the competition out of business is a reward that that is unfair and does not belong to the owner of the mousetrap.

Antitrust laws exist to protect consumers, and if you're forcing consumers to buy inferior mousetraps, you're not helping.

2 comments

Got it, so the issue isn’t anti-trust law. It’s IP law that, by its very nature, forces people to produce inferior mousetraps.
we don't actually have anti-trust laws, we have laws against the abuse of monopoly power, a standard that can be difficult to prove and well after the commission of the injustices. I think there is sufficient theoretical and practical experience to have anti-trust laws simply be anti-market concentration.

I'm arguing for it because it's an example of "third way" regulation, regulation that should be embraced by left wing socialist and right wing capitalists.