Antitrust and the Illusion of Efficiency

This chapter examines the author's academic exploration of antitrust regulation and critiques the justification for anti-monopoly laws in the late 19th century. It highlights the impact of political corruption on the rise of monopolies, while also exploring the implications of natural monopolies in industries like electricity. The conversation emphasizes the dangers of government monopolies, contrasting the inefficiencies of U.S. airlines with the superior services of state-run carriers abroad.

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