Comments on: The Fiscal and Moral Costs of Antitrust http://archive.mises.org/15325/the-fiscal-and-moral-costs-of-antitrust/ Proceeding Ever More Boldly Against Evil Fri, 17 May 2013 22:36:06 +0000 hourly 1 http://wordpress.org/?v=3.5.1 By: andy http://archive.mises.org/15325/the-fiscal-and-moral-costs-of-antitrust/comment-page-1/#comment-752166 andy Sun, 16 Jan 2011 13:16:51 +0000 http://blog.mises.org/?p=15325#comment-752166 What surprises me is the simple observation from most microeconomics textbooks, that in duopoly situation the only alternatives are either collusion or price-war. Both are illegal. Which leads me to an obvious question: what are the firms in such situation supposed to do? Commit suicide?

]]> By: Cybertarian http://archive.mises.org/15325/the-fiscal-and-moral-costs-of-antitrust/comment-page-1/#comment-752009 Cybertarian Sat, 15 Jan 2011 18:11:45 +0000 http://blog.mises.org/?p=15325#comment-752009 When you sell above the price of your competitors, you are accused of price gouging.
When you sell below the price of your competitors, you are accused of dumping.
When you sell at the same price, you accused of collusion, participating in a trust.

The moral of this story: abandon commerce, it’s an activity which is frowned upon by society.

]]> By: S.M. Oliva http://archive.mises.org/15325/the-fiscal-and-moral-costs-of-antitrust/comment-page-1/#comment-751750 S.M. Oliva Fri, 14 Jan 2011 20:35:59 +0000 http://blog.mises.org/?p=15325#comment-751750 Part of Grieve’s reaction, I suspect, arises from the strongly negative press the Norris case generated in the UK over the past few years. Several London papers, notably the Guardian, were rightly incensed at the US actions in the context of abusing the post-9/11 extradition treaty that grossly favored the US.

]]> By: Seattle http://archive.mises.org/15325/the-fiscal-and-moral-costs-of-antitrust/comment-page-1/#comment-751747 Seattle Fri, 14 Jan 2011 20:26:33 +0000 http://blog.mises.org/?p=15325#comment-751747 Really? Quite surprising. I’m not expecting radical change in how the UK government operates in the slightest, but for its officers to display basic human decency on a personal level is at least a step in the right direction.

]]> By: S.M. Oliva http://archive.mises.org/15325/the-fiscal-and-moral-costs-of-antitrust/comment-page-1/#comment-751738 S.M. Oliva Fri, 14 Jan 2011 20:03:15 +0000 http://blog.mises.org/?p=15325#comment-751738 That reminds me of something I didn’t mention above. In the pre-sentencing paperwork, there was a letter pleading with the judge for leniency in sentencing Mr. Norris. The author was Dominic Grieve, the MP representing Norris’ constituency in the UK. Grieve just happens to be the attorney general of the UK as well, although his letter made clear he was only speaking for himself and not the Crown. Still, Grieve was merciful enough to ask the judge allow Norris to spend his sentence in the UK, which apparently fell on deaf ears.

Now the UK aided and abetted the US in this shameful matter. But for whatever it may be worth, the decision to extradite was made by the previous Labour government through the Home Secretary’s office. Maybe Grieve and his Conservative colleagues will take all this to heart in seeking stronger protections for their citizens against abusive US prosecutors.

]]> By: Seattle http://archive.mises.org/15325/the-fiscal-and-moral-costs-of-antitrust/comment-page-1/#comment-751731 Seattle Fri, 14 Jan 2011 19:47:20 +0000 http://blog.mises.org/?p=15325#comment-751731 Where’s the presidential address honoring Ian Norris?

]]> By: Peter Surda http://archive.mises.org/15325/the-fiscal-and-moral-costs-of-antitrust/comment-page-1/#comment-751693 Peter Surda Fri, 14 Jan 2011 17:03:12 +0000 http://blog.mises.org/?p=15325#comment-751693 They were fined in the European Union too. Clearly the hatred of private property is global.

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