Anything That Can’t Go On Forever Will Eventually Stop

Eva Rinaldi, CC BY-SA 2.0 (modified)/Kim Traynor, CC BY-SA 3.0 (modified)

A lot of regulations went up in flames in the Reagan/Thatcher era: labor laws, environmental rules, finance frameworks. But the most consequential shift of the age was the change in antitrust law, specifically, the advent of the “consumer welfare” standard that supposed that monopolies were mostly totally…

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