I for one would be devastated if my cordless Dyson was never given the chance, and I wonder what other innovations or advancements may now be lost thanks to a true monopoly obstructing competition in the marketplace – the FTC.
MARKETS
Maximizers and Monopolies, A Benefit to Society
Consumers will choose the best options, or only options, according to their interests and perceptions of value – and companies can either cater to existing needs and wants or create new ones. That is why capitalism is such a beautiful thing, and why the only time monopoly concerns should arise is when government cronyism is involved.
The Charge to Change Capitalism and Why the Profit Motive Must be Preserved
On the growing coalition countering capitalism for the “common good.”
In Defense of Collusion In a Free-Market Under Capitalism
History provides very few actual examples of private firms that are unprotected by government-erected barriers to entry successfully colluding in ways that harm consumers.
The So-Called “Trade Deficit”
The conventional tale of trade deficits fails so utterly to square with reality because tellers of this conventional tale never seriously bother to attempt to understand why foreigners are willing, decade after decade, to send to America more goods and services than they receive in return from America.
On the Mercantilist and Monarchial Origins of the Concept of the ‘Balance of Trade’
Describing as “favorable” a situation in which the people of the home country ship many real goods and services to foreigners and receive in exchange lesser amounts of real goods and services, with the difference made up in money, is indeed – as Adam Smith called it – absurd.
Remembering Henry Hazlitt
Herny Hazlitt was a popularizer of sound economic thinking, a critic of John Maynard Keynes, and a contributor to ethical moral philosophy. Not bad for a poor fatherless boy and college dropout.
The Inverted Yield Curve and Next US Recession
Since the late 1960s US yield-curve inversions have predicted all eight US recessions, beginning roughly a year in advance.
The Intellectual Assault on Economic Activity and Capitalism, Part 2 of 2
Economics proves the existence of a harmony of the rational self-interests of all participants in the economic system—a harmony which permeates the institutions of private ownership of the means of production, economic inequality, and economic competition.
The Myth That Everything Depends on Luck
Did you work to make or take advantage of your own luck?
The Intellectual Assault on Economic Activity and Capitalism, Part 1 of 2
Capitalism is denounced as “an anarchy of production,” a chaos ruled by “exploiters,” “robber barons,” and “profiteers,” who “coldly,” “calculatingly,” “heartlessly,” and “greedily” consume the efforts and destroy the lives of the broad masses of average, innocent people.
The Assault on the Concept Merit
The proper, moral attitude toward great achievers, those who have merit, is admiration.
The Union Barons Strike Back with Legal Price Fixing and the Repeal of Right To Work Laws
Taxpayers will have to pay more for state construction due to the reinstatement of prevailing wage and workers will be compelled to pay for union representation they don’t want due to the repeal of Right to Work statutes.
Mergers & Acquisitions: The FTC versus the Free-Market
The FTC is placing itself as the primary arbiter when it comes to business transactions, and it is conveying that it can predict what the future holds for innovations and acquisitions. This creates an environment of not only great uncertainty for business, especially now that previous transactions may be revisited and reconsidered, but also great risk for the competitiveness of US firms.
Ludwig Von Mises, F.A. Hayek and the Price Generation, Not Calculation, Debate
The problem economically with socialism is not calculation of given data, but the generation of the data that would be required, but does not yet exist.
Bud Light Sales Implosion After The Mulvaney Ads Explained (By Mises)
The company was openly insulting its consumer base, describing Bud Light as a “fratty” beer and “out of touch” brand “in decline.” It’s one thing to disregard your boss. It’s another thing to openly insult her.
Microsoft-Activision Merger: The FTC Should Answer Its Call of Duty to Gamers
All too often, unscrupulous businesses weaponize the United States’ antitrust laws — which are only supposed to be utilized to protect consumers against higher prices and other consequences of monopoly power — for their own self-serving purposes.
The “Anti-Capitalist Business”: The Impossible Dream
The cause of The Anarchist’s struggle for survival and impending demise is its anti-capitalist business model, rooted in the proprietor’s Marxist strawman-view of capitalism.
Krugman’s Magic Act: On Premium Bonds & The Trillion-Dollar Coin
The trillion-dollar coin is simply FedGov borrowing $1 trillion from us.
Taylor Swift and the Real Lesson From the Ticketmaster Antitrust Hearings
In a true capitalist system or free market, there would be no antitrust laws.
“Common Good Capitalism” vs. Capitalism
Far from ordinary Americans being crushed in the last few decades by globalization and the entrepreneurial dynamism ordinary Americans’ economic opportunities have expanded and their standard of living has skyrocketed.
The Knowledge Problem: National Conservative Industrial Policy vs. Capitalism’s Free Market
National conservatives believe that the allocation of resources brought about by the free market is in fact a less-efficient allocation — one that is worse for the country — than is the allocation that would be brought about by their industrial policy.
Fake Banks and Real Banks
We observe a run on deposits in a commercial bank, then observe that the same thing can happen to other financial institutions, then mistakenly assume these institutions are essentially the same.
Big Tech and Monopoly Power: Freedom is a Virtue, Antitrust is a Vice
So, whether it’s Lina Khan at the FTC or Sens. Amy Klobuchar and Elizabeth Warren in Congress, antitrust advocates should take a hard look in the mirror. The only true monopoly within the US marketplace is where these politicians are fulfilling their posts.
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