It is all too easy for some companies to turn to the government for help when things aren’t going their way. This has become increasingly apparent with attempts to rein in firms deemed too big. In the context of antitrust, the government and its agencies can enforce existing laws and help facilitate competitive processes, but they can also be hijacked to protect competitors. Lawmakers shouldn’t underestimate the power of market pressures in combatting dominance or assume that government intervention won’t make things worse.
Enthusiasm for aggressive government intervention should be tethered with respect for competitive forces within the marketplace and acknowledgment of the government’s potential for harm.
You can read this entire op-ed in the Townhall.