Wisdom

Antitrust has a history of short-sightedness

Quote

of monopoly law, and antitrust is a history of short sightedness. And you can just see it the the whole history of antitrust is littered with it

Episode 170: Ones & Zeros (episode page, opens in a new tab) 00:26:45 (play audio from this timestamp, opens in a new tab)

Speaker-labeled

Summary

Talking about Apple, the EU's DMA and monopoly, Dave argues that the history of monopoly and antitrust law is mostly short-sighted. Markets and competition (and Bitcoin-style alternatives) tend to change things faster than regulators predict, starting with the Standard Oil breakup.

Not in the audio. Dave's own opinion; he gives Standard Oil as an example but the full argument runs past this quote.