… is from page 63 of Thomas Sowell’s 1999 book, Barbarians Inside the Gates:
Promoting competition as a process is the opposite of promoting the survival of existing competitors. Unless and until public policy clearly and fully recognizes that fact, fanciful crusades and sinister theories will drive public policy toward the computer industry.
DBx: Yes. And nearly 30 years after these words were written, fanciful antitrust crusades and sinister ‘competition’ theories – such as those peddled by the likes of Lina Khan and embraced by many Trump administration antitrusters – continue to plague the American economy.
