Victimless Antitrust?

Victimless Antitrust? Wasn't the original idea of antitrust that people could be harmed, economically, by acts that did not amount to coercion, most particularly when “monopolists” engaged in “anticompetitive behavior”?

Of course,  with the rise of the “law and economics” movement, the Left faced sophisticated opponents who were prepared to argue that in many cases no harm was being done to consumers. Solution? Eliminate the harm requirement. That, apparently, is the genius idea  behind the Obama administration’s attempt to “reinvigorate” antitrust.

Financial Regulation and Corporate Democracy

Unions want to gain control of corporations and do to them what they have so successfully done to U.S. states: bankrupt them. Some versions of the financial regulations now making their way through Congress will offer them tools to do so. (Look for the slogan: corporate democracy.) The estimable Professor Stephen Bainbridge surveys the state of play.

More Jacobinism in the Gulf Spill: Outrage that Tony Hayward attended  a yacht race. It reminds me of a line from Ayn Rand : “I don’t think that suffering makes up for anything.”

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