Antitrust: Balancing Efficiency and Fairness
CategoryReading Notes
At its core, antitrust is about finding the right balance between efficiency and fairness.
If we pursue efficiency alone, monopolies can be highly efficient. But if we chase pure fairness, society will stagnate.
Nature takes from the surplus to replenish what is lacking, while human nature takes from the lacking to serve the surplus.
Nature aims for equilibrium, while humans seek differentiation.
If you let people develop on their own, the strong will grow stronger and the weak will be eliminated—this is simply the process of survival of the fittest.
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