Monday, May 11, 2009

Obama administration is restoring competitiveness to the marketplace.

Upon reading this story all I could say to myself is this: It's about time we restore some real competition to the marketplace.

Despite all the blathering about the "free market" and "capitalism", the Bush administration did more to undermine real competition than many previous administrations by gutting anti-trust law.

You can't call yourself a capitalist unless you support strong anti-trust enforcement.

Anti-trust law, when properly applied, eliminates monopolies and punishes those profiting from anti-competitive contracts. Basically, anti-trust law punishes croneyism--a hallmark of the Bush years.

For a market to work properly, concentrations of market power must be thwarted; that's what anti-trust law does--it prevents concentrations of power and greases the wheels of commerce.

Easy commerce makes for cheaper stuff.

Excellent!

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