How does the federal government’s suit against book publishers demonstrate the bankruptcy of our antitrust laws?
"The first thing to be said about the lawsuit filed last week by the Justice Department against Apple and five book publishers is that the defendants very well may be guilty. There does seem to have been collusion among them to fix the price of e-books. But even if the book publishers’ actions were illegal, that’s not to suggest what they did wasn’t understandable. Indeed, there’s a plausible case to be made that the actions of the publishers actually amounted to combating an abusive monopoly—namely, Amazon. The Justice department may be acting correctly under existing antitrust law by suing Apple—but, in that way, the case only highlights why the laws in question are in desperate need of an overhaul.”
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