January 31, 2013
Goin' Back to Bed
You folks keep the lamp of liberty lit. I just don't think I can take it anymore. Pursuant to the "anti-dog-eat-dog act:"
The Justice Department filed suit Thursday to block Anheuser-Busch InBev NV's $20.1 billion deal to buy Grupo Modelo SAB, saying U.S. consumers would suffer harm if the makers of Bud Light and Corona Extra merged.
The Justice Department said it filed suit in U.S. District Court for the District of Columbia seeking to prevent the companies from merging. The deal "would result in less competition and higher beer prices for American consumers," said the department's antitrust chief, Bill Baer.
I should be glad they are doing their mischief out of the technology sector for a change; I assume that will be less harmful. But the beer cooler at DaveCo offers at least four or five different selections if my memory serves. I don't recall that market's being underserved.
We're from the government, and here to help.
Posted by John Kranz at January 31, 2013 1:57 PM
"Every coercive monopoly that exists or has ever existed was created and made possible by an act of government: by special franchises, licenses, subsidies, by legislative actions which granted special privileges (not obtainable in a free market)" -[Nathaniel?] Branden, as cited in The Myth of Monopoly: Antitru$t on Trial, author unknown.
First I must ask, how does something which heavily cites Ayn Rand become published at a duke-dot-edu domain? Then I wonder what is up with the strange font size creep as one reads the page. But the sections I read are EXCELLENT.
"Under the antitrust laws, a man becomes a criminal from the moment he goes into business, no matter what he does. If he complies with one of these laws, he faces criminal prosecution under several others. For instance, if he charges prices which some bureaucrats judge as too high, he can be prosecuted for monopoly, or rather, for a successful "intent to monopolize"; if he charges prices lower than those of his competitors, he can be prosecuted for "unfair competition" or "restraint of trade"; and if he charges the same prices as his competitors, he can be prosecuted for "collusion" or "conspiracy."
Recall the government regulator's line from last year's film, 'Atlas Shrugged Part II:' "Laws are useless unless the right people break them."