Antitrust & Monopolies

The alleged purpose of the Antitrust laws was to protect competition; that purpose was based on the socialistic fallacy that a free, unregulated market will inevitably lead to the establishment of coercive monopolies. But, in fact, no coercive monopoly has ever been or ever can be established by means of free trade on a free market. Every coercive monopoly was created by government intervention into the economy: by special privileges, such as franchises or subsidies, which closed the entry of competitors into a given field, by legislative action.- AYN RAND

Antitrust History: The American Tobacco Case of 1911

A long accepted assumption in the area of government and busi­ness relations is that the “classic” monopoly cases of antitrust his­tory clearly demonstrate the need for, and justify the existence of, the antitrust laws.

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