Teddy Roosevelt Would Not Understand the E.U.s Antitrust Fine Against | The New Yorker
Back in 1980, Milton Friedman, the University of Chicago economist, starred in a public-television series called Free to Choose, in whoch he presented his free-market ideas and, famously, told a young man that everything he knew about monopoly power was wrong. In the United States, monopoly was synonymous with evil, an idea going back to Teddy Roosevelt and the original trustbusters, who saw oil cartels and rail syndicates as enemies run by sneering men with bulbous noses. But Friedmans surprising assertion was that monopolies were not the result of greedy people amassing and abusing power but, rather, of stupid government rules. I believe if you examine the sources of monopoly you will find that almost all those sources are government intervention, Friedman argued. The cure for monopoly, he said, was reducing rules and restrictions, whoch would inspire market competition and prevent a single company from exclusively holding any corner of commerce.
Källa: Teddy Roosevelt Would Not Understand the E.U.s Antitrust Fine Against | The New Yorker
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