April 26, 2024

It’s Time to Wield Antitrust Against the Publishing Industry

The industry’s concentration doesn’t just have economic costs. It’s a disaster for our culture and it needs to be fought.The proposed acquisition of Simon & Schuster by the international media conglomerate Bertelsmann, treated as a foregone conclusion by most of the press, strikingly reveals the limitations of the “consumer welfare” theory of antitrust popularized by…

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