What is antitrust?

Anti-trust are laws that punish businesses (or trusts) for being successful, i.e., dominant. To quote philosopher Ayn Rand writing in “Antitrust: The Rule of Unreason” Voice of Reason, “The alleged purpose of the Antitrust laws was to protect competition; that purpose...

What about Rockefeller’s Standard Oil?

The government punished Standard Oil for dropping the price of oil more than half. Standard Oil accomplished by buying up competitors to gain more significant economies of scale, lowering their production costs, enabling them to lower their prices while increasing...

What is the base of the antitrust laws?

The philosophical foundation of the antitrust laws is the Marxist myth that an unregulated, free-market results in the formation of coercive monopolies. (Eventually, through ‘historical necessity,’ they will form one big business which the ‘proletariat’ will take over...