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" ... Antitrust is like a subsidy from government for companies opposing someone else’s transaction. It works like protectionism. Antitrust is how incumbent providers who don't want the new competition or don't want the competitive landscape to shift get the government do save them from the need to compete. We will continue to see the abuse of antitrust as long as we continue to accept the idea that antitrust promotes competition rather than hinders it. That’s why Google and Facebook are next. Remember, the AT&T Time-Warner merger is a deal valued at over $80 billion, but it's not going to be the last. Before we know it, we’ll be remarking on mergers of $100 billion or so. That's the way the market goes. For my part, I would love to see many more giant mergers because when you get the A&P and the Wal-Mart stores of the world, you also get a lot of specialty shops and farmers’ markets too, figuratively and literally speaking. Rising wealth creates lots and lots of new niche markets. Big deals for big companies can also mean more medium deals, more small deals and more opportunities for wealth creation. That is what it means for an economy to be vibrant. ... "
" ... Biden’s record shows he walks the line between his support for union-backed protectionism and for trade policy that expands market access for US firms around the world. ... "
" ... French consultancy Inovev has said car buyers after the crisis may feel replacing cars may not be high on their list of priorities. It also fears the initial damage caused by the coronavirus shutdown might prompt a return to trade protectionism, nationalization and general government interference. ... "
" ... Sometimes, people excuse tariffs and protectionism by saying that the increase in price is so small that most people will hardly notice and, after all, we’re talking about people’s livelihoods here. Let’s suppose, for the sake of the argument, that free trade in foreign seafood would save Americans one penny each on average. ... "
" ... “A Trump victory could increase the level of uncertainty around the costs of these gaming concessions being renewed,” says Wasiolek. “If there is a trade tension between [the U.S.] and China, and those get elevated and things go more towards protectionism, China could decide to use the renewal process of these gaming licenses [to] play hardball. These licenses are obviously important [to Las Vegas Sands].” ... "