Ayn Rand often referred to antitrust as among the most immoral of laws and in this video from OCON 2015, Associate Professor of Strategy Ryan Krause discusses how antitrust laws destroy a businessman’s ability to plan for the long range success of his company by their effect on business strategy. He defines business strategy and summarizes the impact of antitrust laws in this quote:
Business strategy is the crux of high-level business decision making. Its what business should we be in, what
In Ayn Rand’s “Capitalism: The Unknown Ideal” Alan Greenspan ends his essay on antitrust legislation with the following:
Whatever damages the antitrust laws may have done to our economy, whatever distortions of the structure of the nation’s capital markets they have created, these are less disastrous than the fact that the effective purpose, the hidden intent, and the actual practice of the antitrust laws in the United States have led to the condemnation of the productive
In the essay “Antitrust,” which is contained in Ayn Rand’s “Capitalism: The Unknown Ideal,” Alan Greenspan, long before he became chairman of the Federal Reserve, discussed the emergence of antitrust legislation at the end of the 19th century.
In the early 19th century, railroads developed in the East among stiff competition, between different railroads as well as with older forms of transportation. By the 1860’s a political movement developed demanding that
Still reading Ayn Rand’s “Capitalism: The Unknown Ideal” and a passage jumped out at me regarding price fixing and anti-trust. Given recent news regarding Apple’s supposed price fixing in e-books, the on going concerns about Obamacare, not to mention such government practices as; rent control, price controls in all manner of agricultural products, this quote jumped out at me.
By what conceivable standard can the policy of price-fixing be a crime, when practiced by businessmen,