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Are anti-trust laws bad for the consumer?

and are monopolies good for the people?

One of my friends tried to make this argument to me but I'm just not buying it.

...(Accidental pun.)

Something about how it stifles product research and employment.

Does a capitalist like or dislike anti-trust laws? because I thought the entire reason capitalism worked is because of competition.

2 Answers

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  • ?
    Lv 7
    10 years ago
    Favorite Answer

    No, monopolies are demonstrably bad for the consumer. When a business has a strangehold on a good or service, competition is non-existent and prices go up.

  • ?
    Lv 4
    4 years ago

    Do I help Anti have confidence regulations? nicely an anti have confidence regulation regularly prohibits a monopoly or have confidence (various businesses working as one) from forming or working. is this interior the final activity of the buyer? i like to apply the occasion of AT&T for antitrust regulations. a whilst back a guy named Alex Graham Bell invented the telephone. He made a employer called Bell telephone which later grew to grow to be AT&T. because of the fact they provided a great product at a great fee they right this moment grew to grow to be a "Monopoly", smashing their opposition. In 1956 Engineers at AT&T invented the transistor which replaced into between the final innovations in human background. The transistor is the initiating of ALL cutting-edge electronics and computers. They right this moment more suitable their place as a "Monopoly". The looters and thieves of america government have been speedy to respond interior the call of the "public sturdy". although significant attempt were made in previous years to interrupt AT&T up, they finally succeeded in 1982. AT&T replaced into broken up into various businesses. AT&T, destroyed, lost 70% of its fee and closed ALL of its factories. The crying, underacheiving, thieving opposition of AT&T gained. yet did the buyer? A Quote from AT&T "There are 2 great entities at artwork in our us of a, and that they the two have a great impression on our daily lives. . . one has given us radar, sonar, stereo, teletype, the transistor, listening to aids, man made larynxes, conversing video clips, and the telephone. the different has given us the Civil conflict, the Spanish-American conflict, the 1st international conflict, the 2nd international conflict, the Korean conflict, the Vietnam conflict, double-digit inflation, double-digit unemployment, the great melancholy, the gas disaster, and the Watergate fiasco. wager which one is now attempting to tell the different one the thank you to run its employer?" So no. i do no longer help anti have confidence regulations. i do no longer help the government even finding on the unfastened marketplace none the fewer working it. regulations that preserve the buyer from fraud are all suitable however the rest RUINS the financial gadget.

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