Political Quotes

“Mr. President, in reserving the right to object, the proponents of antitrust laws are famously zealous in their desire to eradicate the curse of bigness. To them, big is always bad except, of course, when it comes to the size and scope of government. The same people who supposedly fear the concentration of power in the marketplace celebrate the concentration of power in the State--a State that asserts itself into and nullifies private contracts, breaks up companies it deems too large, and inflicts punishment on those who succeed in the competition for customers. In short, antitrust seeks to cap the amount of success any company or business can enjoy and the benefits reaped by customers. As economist Yale Brozen wrote, antitrust law seems to say that firms should compete but should not win; firms should be efficient enough to survive but should not share the fruits of greater efficiency with their customers. And that is the fatal defect of antitrust policy. Antitrust fails to accept the lessons of economic history that voluntary exchange is a win-win proposition and that consumers are incredibly powerful in a free market system. A company that continues to reward its customers with superior products and innovations will, in turn, be rewarded with greater market share--with more--and will do better than their competitors and they will grow in size. Size is not necessarily a bad thing. The size of a business reflects its ability to please its consumers.…”