There is no problem here, but one is being created by antitrust’s disruptiveness. Law professor Geoff Manne noted one of many potential consequences: “To assess the competitive effects of this pricing scheme in the e-book (content) market without considering the competitive effects in the e-reader (platform) market is a mistake. It would be an even graver mistake to focus on market power at any given moment rather than on the overall dynamism of the industry.”
Indeed. Even if most price collusion were deliberate anti-consumer mischief, markets would still curb it better than regulators could. Not that curbing mischief is what antitrusters are doing anyway; economic regulation like antitrust exists to enable “vulture” capitalists who want to avoid competition yet simultaneously gain access to the customers of others."
RTWT. And here's the video for those who haven't seen it. Seriously, this should have 100x the views it has.
Shortened: http://gg.gg/sanity Contact: bob underscore wtf at comcast dot net
QUOTE OF THE HOLOCENE: "The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation" - V.I. Lenin -- You're welcome to point out to me any decision that Hugo Chavez Barack Obama has yet made that Lenin would quarrel with. [ crickets ]
RUNNER-UP QUOTE OF THE HOLOCENE: "When buying and selling are controlled by legislation, the first things to be bought and sold are legislators." - P. J. O'Rourke
DUAL QUOTES OF THE 20TH CENTURY: "Democracy is the theory that the common people know what they want and deserve to get it good and hard." and "The urge to save humanity is almost always a false-face for the urge to rule it." --H. L. Mencken
LAST YEAR'S QUOTE: Washington, D.C. runs "just like the mob, except it's legal," said Schweizer. "If problems are being solved, if things are going smoothly and things are being fixed, a lot of people are not going to give. The party establishments and the political leaders from both sides are collaborating a lot more than they let on," explained Schweizer."
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