Antitrust and Monopoly: Anatomy of a Policy Failure

The stated purpose of antitrust laws is to protect competition and the public interest. But do such laws actually restrict the competitive process, harming consumers and serving the special interests of a few politically-connected competitors? Is antitrust law a necessary defense against the predatory business practices of wealthy, entrenched corporations that dominate a market? Or does antitrust law actually work to restrain and restrict the competitive process, injuring the public it is supposed to protect? This breakthrough study examines the classic cases in antitrust law and demonstrates a surprising gap between the stated aims of antitrust law and what it actually accomplishes in the real world. Instead of protecting competition, this book asserts, antitrust law actually protects certain politically-favoured competitors. This is an essential work for anyone wishing to understand the limitations and problems of contemporary antitrust actions.

Contents: History of the Thermionic Valve; Operation of the Electron Tube; Wiring Tube Circuits; CD/Line Amplifier; Hi-Fi Amplifier; General-Purpose Line Amplifier; Pick-Up/Line Amplifier with SRPP Output; Hi-Fi Output Amplifier with 2xEL34; Class A Stereo Output Amplifier with 2xKT88; Miscellaneous Amplifiers; Guitar/Keyboard Amplifiers; Guitar Amplifier with Transistor Input; Voltage Regulation with Valves; Heater-Voltage Supplies; SRPP Amplifier for CD Players; Track Layouts of PCBs.