The Antitrust Paradox (Robert Bork)

"The Antitrust Paradox," by Robert Bork, argues that antitrust laws, intended to promote competition, often end up harming consumers by protecting inefficient or dominant companies. Bork suggests that a focus solely on breaking up large firms or fostering rivalry can reduce overall efficiency, innovation, and consumer choice. Instead, he advocates for a more restrained approach, allowing large firms to grow if they are efficient, as this can benefit consumers through lower prices and more innovation. The paradox is that policies aimed at limiting monopolies might paradoxically lead to less competitive markets and higher prices in the long run.