January 22, 2020
Antitrust policy interventions into the market rarely work as intended.
January 3, 2020
The Wall Street Journal recently reported that Liberty Media Corp, which already owns Sirius XM satellite radio, including its Pandora streaming service, and 33% of concert promotion giant Live Nation Entertainment, wants permission from the US Department of Justice to purchase a controlling stake in iHeart Media Inc.
December 18, 2019
On January 27th, the United States Department of Justice (DOJ) will attempt to block travel technology company Sabre Corporation from purchasing communications protocol innovator Farelogix, Inc. This will be the DOJ’s first time back at bat after striking out in June 2018 against AT&T’s ultimately successful acquisition of Time Warner. Unfortunately, it’s a good example of overzealous antitrust regulation.
December 3, 2019
Last week the attorneys general of Texas and Nevada announced the withdrawal of their support of a multistate lawsuit to block the merger of cellular telephone and Internet service providers T-Mobile and Sprint. This follows similar announcements from the attorneys general of Mississippi and Colorado earlier this year. With these announcements, more state attorneys general now support the merger than oppose it.
September 24, 2019
Not too long ago, I pointed out that antitrust regulation is often gamed by special interests and rent-seekers. A recent story in The Wall Street Journal gives a fresh example. A group called the Free and Fair Markets Initiative (FFMI) has been advocating for antitrust actions against Amazon. Unsurprisingly, some of its funders are Amazon’s competitors.
September 18, 2019
This week, The Wall Street Journal published an exclusive story detailing how Amazon uses its algorithms to prioritize its brands and products that are more profitable for the company. Amid the flurry of antitrust scrutiny and investigations into big tech, this seems like a big deal. Yet outside of big tech, prioritizing your own products and the products that make you the most money is called the basics of staying in business.
September 12, 2019
Cartels need government support because they contain the seeds of their own destruction. Self-interested companies acting selfishly naturally undo their own cartels.
September 11, 2019
In The Wall Street Journal today, Texas Attorney General Ken Paxton, who is spearheading a multistate antitrust investigation into Google, made an egregious error.
September 10, 2019
The Export-Import Bank is up for reauthorization by September 30. It should be shut down, as I’ve pointed out before, but reauthorization will almost certainly pass. Ex-Im was either shut down or sharply limited for nearly five years, from October 2014 until May of this year.
September 6, 2019
Facebook and Google are facing separate antitrust investigations from publicity-seeking state attorneys general from both parties. New York’s Democratic attorney general is heading a joint investigation into Facebook for its “dominance in the industry and the potential anticompetitive conduct stemming from that dominance.”