3 ms·
I agree that is what is the law is and even that that is what the law should be. It is also important to note however that the actual title of the Sherman Antit
by fngjdflmdflg 2y ago
I agree that is what is the law is and even that that is what the law should be. It is also important to note however that the actual title of the Sherman Antitrust Act is "An Act to protect trade and commerce against unlawful restraints and monopolies." So it isn't fair to say that anti-competitive practices and monopolies are completely orthogonal (although strictly speaking they are) because monopolies are a perfect tool with which to engage in anti-competitive practices. In my opinion I don't think protecting entertainment from anti-competitive practices even matters that much anyway though. Your ability to watch your favorite singer live is really not the same as something like oil or trains which are actually important to the economy.
- paulddraper 2y agoYour quote itself presents the question of lawful monopoly vs unlawful monopoly.
- fngjdflmdflg 2y agoI don't think I implied otherwise.