The Case Against Antitrust

Robert A. Levy

Competition is an essential ingredient of capitalism. Accordingly, when a corporation appears to have acquired sufficient market dominance to discourage competitors, it’s tempting to ask the government to remedy the problem by enforcing antitrust laws. That temptation should be resisted, except to redress monopoly power that the government itself has created.

I’ve published several variations on this critique—mostly in connection with the antitrust case against Microsoft during the so‐​called browser wars.