The antitrust laws are based on the economic theory of “pure and perfect competition” and deeper, on the ethical theory of altruism, or self-sacrificial service to others. What do the laws require? What illegal behavior do they cite? What punishments do they endorse? The antitrust laws are as arbitrary as the “perfect competition” doctrine and … Continue reading The American KGB: The Department of Justice’s Antitrust Department (Part 6)