Friday, October 10, 2014

"Amazon Is the Price We’re Paying for That Bipartisan Turn in Thinking"

"Conservatives, it turned out, were only too happy to hear such talk. After years of defending monopoly as perfectly justifiable, they began publishing books and articles conceding that consumer welfare was a legitimate purpose of antitrust, perhaps the only one. Robert Bork denounced all of Brandeis's attempts to protect small producers as a 'jumble of half-digested notions and mythologies.' A cottage industry of like-minded critiques emanated from the University of Chicago's Law School and then traveled straight to Republicans in Washington. In the hands of Ronald Reagan's Justice Department, not to mention the judges he appointed to the federal bench, efficiency and low prices provided the justification for dismantling much of the old antitrust infrastructure. No subsequent administration, either Democratic or Republican, has meaningfully tried to revive it."


Franklin Foer in The New Republic looks at Amazon and monopoly.


Scott Timberg in Salon links Amazon to the decline of alternative newspapers.

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