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Richard Epstein explains the history and sweep of American antitrust law, examines a proposal by Senator Amy Klobuchar to expand it, and argues that a more complex economy may actually justify less exacting antitrust policies.
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After a mostly standard libertarian spiel about how economic concentration is efficient, the question remains unanswered.
Epstein only glancingly addresses the critical issue, that the tech monopolies’ control of information permits them to determine the course of political life for the foreseeable future.
I’m so tired of the Richard Epstein’s longwinded meandering responses to even the most simple questions. It pains me to say that if an inventor were to create or discover Richard Epstein today, his new invention would likely be unpatentable.
In order to be patented, an invention must be useful.