Antitrust

In the US, antitrust policy is supposed to benefit consumers. It does not work that way in practice. Companies game antitrust for their own benefit, competing in court rather than the market. Antitrust regulators are often partisan and ideological. Many progressive officials think big is automatically bad, even in cases where consumers benefit from lower prices or better products. Many conservatives favor using antitrust as another front in the culture wars, all but ignoring competition.

Consumers get forgotten in all the politics. The best way to protect consumers is to protect an open, competitive market process, in which companies succeed or fail based not on their political connections or ideological correctness, but on how well they serve consumers.

Antitrust regulation’s problems are structural and incurable. The Competitive Enterprise Institutes advocates abolishing antitrust law, removing remaining government monopolies, and preventing the creation of new ones.