Excerpt:
The alleged purpose of the Antitrust laws was to protect competition; that
purpose was based on the socialistic fallacy that a free, unregulated market
will inevitably lead to the establishment of coercive monopolies. But, in
fact, no coercive monopoly has ever been or ever can be established by means
of free trade on a free market. Every coercive monopoly was created by
government intervention into the economy: by special privileges, such as
franchises or subsidies, which closed the entry of competitors into a given
field, by legislative action. (For a full demonstration of this fact, I
refer you to the works of the best economists.) The Antitrust laws were the
classic example of a moral inversion prevalent in the history: an example of
the victims, the businessmen, taking the blame for the evils caused by
government, and the government using its own guilt as a justification for
acquiring wider powers, on the pretext of "correcting" the evils.
AYN RAND
"Antitrust: The Rule of Unreason"
Voice of Reason