The nearly half-century reign of The Antitrust Paradox has left the American economy, in industry after industry, with firms that wield power to raise prices and slow innovation as well as “seemingly endless” and “nearly unlimited” resources for fighting enforcement.[18] As the Antitrust Division put it, “increased enforcement activity has stretched its staff and technology infrastructure to their limits”.[19] And litigation itself has… [read post]

was of course correct on this limited point, but generally in this field, peer review is worth a warm bucket of spit. [read post]

Near the conference center, an installation of skeletons standing knee-deep in water made a similar point, as did numerous melting ice sculptures and a melodramatic “die-in” staged by protesters wearing white, ghost-like jumpsuits. [read post]