reply on: Our Anti-Competitive State Policy \ stacker news ~econ

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24 sats \ 0 replies \ @Rothbardian_fanatic 23h \ on: Our Anti-Competitive State Policy econ

Just like monetary regulation, antitrust regulation provided by the state is also an erratic regulation. As Murray Rothbard explained, market conditions are not static. Perfect competition does not exist (and cannot exist) in the real world, because the market is based on social dynamic interactions, and therefore, antitrust regulation tries to establish something that cannot exist, thus causing an unnecessary disturbance in competitiveness. Arguments in favor of antitrust regulation, on the other hand, are vague and imprecise, referring to “predatory competitiveness” and other rhetorical concepts that do not make any sense under a free-market environment. That is why antitrust regulation causes, ultimately, competitiveness problems.

We are not in an evenly rotating economy, therefore the changes in the economy are not predictable or avoidable. Situations change and cannot be controlled by mere laws to halt changes through monopoly enforcement actions. In a free and unhampered market monopolies, the way they are defined by the state, cannot exist because of competition and entrepreneurial pressures to make profits. As the author of the article states, Trump is not a disinterested actor in all of this, he is just like all the other politicians and statist actors, in it for himself, too. Unless we get the state out of the market, we will always have grifters and grifting. I am a pessimist on this, I don’t think it will happen.