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It’s true that we can’t know how much cheaper Apple products would be if the antitrust laws didn’t exist, and that some people (and not only shareholders) benef
by sjy 6y ago
It’s true that we can’t know how much cheaper Apple products would be if the antitrust laws didn’t exist, and that some people (and not only shareholders) benefit from or prefer a less competitive market. But conversely, we don’t know how much worse things might be if there were no laws to keep “bigness” in check. I am convinced by the history of antitrust that competition regulators do more good than harm.
- ghostwriter 6y ago> But conversely, we don’t know how much worse things might be if there were no laws to keep “bigness” in check. We know it from history for sure, that "bigness" of an economic player is not a problem. There was no anti-trust legislation prior 1913, and Standard Oil was lowering prices for their oil and kerosine every year in order to compete with emerging oil wells developers, which kept popping up dispite Standard's dominance. [1] Customers, large and small, were benefiting along the way. But notice how governments-coordinated OPEC influences the prices and ability to enter the market: [1] https://www.winton.com/longer-view/price-history-oil https://www.winton.com/longer-view/price-history-oil