Bork’s Insight
Reportedly, the book title
refers to late Robert
Bork’s most famous book. He argued that antitrust laws and jurisprudence is
to serve consumer welfare and competition. While former goal is a vague and
debatable term, however the latter goal of competition definitely deserves
attention. Too often antitrust measures are aimed at preserving certain
competitors or industries, which is totally irrelevant.
Free Markets And Competition Are Complementary
It is competition among
companies, competition for markets and consumers that makes companies come and
go or win and lose. It is a very dynamic process. Individual companies do not
matter, they serve their purpose for as long as they survive competition.
One of the primary objectives
of economic policy is to increase competition to the largest extent possible
between domestic and foreign companies, between small and large companies and
so on.
No comments:
Post a Comment