Wednesday, April 11, 2012

Good question …

… Why is Apple Getting Cored in Washington? - Forbes.

Indeed. Even if most price collusion were deliberate anti-consumer mischief, markets would still curb it better than regulators could. Not that curbing mischief is what antitrusters are doing anyway; economic regulation like antitrust exists to enable “vulture” capitalists who want to avoid competition yet simultaneously gain access to the customers of others.

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