January 10, 2019

ANTITRUST: Why Regulators Went Soft on Monopolies: Federal officials become economists and lawyers who help kill competition for their corporate clients. Welcome to the new Gilded Age.

Antitrust authorities once fought against monopolies, but for the past four decades they have given a green light to merger after merger. The guardians who were meant to protect competition have become the principal cheerleaders of monopolies.

The Department of Justice (DOJ) and the Federal Trade Commission (FTC) have become revolving doors for highly paid economists and lawyers whose only goal is to look after their corporate clients rather than voters, consumers, workers, suppliers, and competition.

Another argument for my revolving-door surtax.

Plus: Donald Trump must bust Facebook, Amazon, Netflix, Google monopolies like Teddy Roosevelt.

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