"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
"Perfect Competition" and Antitrust
Submitted by Westernerd on Thu, 2015-05-07 03:00
Antitrust law is still heavily reliant on notions of perfect competition and other static models of how markets should work. In truth, the dynamism of the marketplace does all that is necessary to prevent the rise of monopolies.
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