Voices for Reason had a great post today about the possibility of antitrust lawsuit being brought against Google due to the market power it has gained by being the dominant search engine. I found the post very easy to understand and think Alex Epstein makes a clear argument for why antitrust laws actually harm competition and therefore the customers. One of my favorite points:
"Google famously encourages employees to devote 20% of their time to creative projects of their own choosing. An antitrust case could effectively force much of that time and energy, especially for top performers, to be devoted to convincing the Department of Justice that Google did not engage in “unfair competition” or some other undefined antitrust term."
I wonder who first thought of the idea that a few individuals in government could decide what was right for the general public better than the general public themselves...
Click here for the whole article.