Even now, in a time of deregulation, the government interferes in the marketplace too much. There’s a mish-mash of independent D.C.-based agencies that lets bureaucrats force companies to make changes when they merge that Congress could never approve.
The role these agencies play in overseeing mergers should be limited to protecting national security interests and ensuring the consumer welfare standard is not violated. Anything more is overreaching.
Read Full Article »
