DOJ's Apple Mugging Reveals Antitrust as Theft

The absurdity of the Department of Justice’s latest antitrust charges against Apple has prompted a long overdue re-evaluation of the validity of antitrust doctrine. The commentariat is increasingly realizing that antitrust does not make sense and is destructive in practice. For many laws that are wrong, certain caveats or qualifications should be stated before condemning them. I cannot think of any for antitrust law. There is no longer anything plausible about it. It is time to formally reject the concept of antitrust and to put the repeal of the Sherman Antitrust Act of 1890 on the legislative agenda.