Richard Ebeling emails:
I participated in the November 10, 2015 “Libertarian Angle,” webinar sponsored by the Future of Freedom Foundation, with the Foundation’s president, Jacob G. Hornberger, on the topic: “Repeal Antitrust Laws.”
The discussion focused on the false rationales for government regulation of business under the heading of the Antitrust Laws, under which government decides what are the acceptable sizes of firms, when they may or may not be allowed to merge, and what are acceptable pricing policies to not be labeled and prosecuted as “anti-competitive” and “monopolistic.”
The history of the Antitrust Laws were also explained and how virtually all of the “evidence” of monopolistic behavior were in fact wrongly interpreted and judged when looked at from a wider and more dynamically competitive perspective.
It was also highlighted that most real monopoly problems have had their origin and basis in government favors, privileges, and restrictive regulations that have given chosen enterprises government protection from competition.
Finally, the issue of the ethics of Antitrust was looked at in terms of their violation of freedom of enterprise and right of free exchange among market participants.
The webinar runs for about 30 minutes.