John Tamny, senior fellow at the Manhattan Institute explains why market competition is often a better and more effective regulator of businesses than government: "Dominant companies in the U.S. like Standard Oil and GM have regularly been knocked from their perches by seemingly insignificant competitors. Former anti-trust target IBM's failure to see the potential of the personal computer led to Microsoft's ascendance with Windows, and much like IBM, Microsoft (targeted by anti-trust forces in the late '90s) failed to see the transformative nature of the Internet in time to stop Yahoo and Google among others."
Read more of the article "No Ear Ache: Let Sirius and XM Merge" here.
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