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A conservative argument for antitrust
Tom Bowden, Voices for Reason (Ayn Rand Center for Individual Rights)
Capitalism: The Unknown Ideal |
Capitalism |
Objectivist author |
I’ve been reading a book published by the American Enterprise Institute, a conservative bastion. The Antitrust Laws: A Primer, now in its fourth edition, was written by John Shenefield, a former head of the Antitrust Division of the U.S. Department of Justice, and Irwin Stelzer, an economist and contributing editor to The Weekly Standard. On the very first page, the authors announce their goal: “This book is intended to replace the businessman’s fear and loathing of the antitrust laws with a basic understanding of what they are about and to acquaint students with these important legal and economic precepts.” [....] Instead of learning to love antitrust under the guidance of Shenefield and Stelzer, businessmen should learn to love freedom under the guidance of Ayn Rand.
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