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To: miraje who wrote (56276)5/29/1998 7:05:00 PM
From: derek cao  Read Replies (1) of 186894
 
James, thanks for a very informative article on antitrust although I can not agree with its' viewpoints.

Here is a quote from the article:

"Of course, consumers have no vested right to surplus; they only have a right to refrain from buying if the purchase price exceeds their estimate of the product's worth."

I believe in that consumers have vested right to surplus. It just best to be archived under normal non-monoply condition by market force(greed controlled by greed). That is the reason why free market system outperform other societies. But when there is a monopoly on essential product, anti-trust law is needed to protect consumers' vested right. Can anyone imagine that all the water supply controlled by one company?

Here is another quote from the article:

"In the private sector, however, markets discipline self-interest, channeling it in ways that promote the general good. No corresponding discipline exists in the public sector, where political power reigns and the abuse of that power is pervasive. "

IMHO, free election is the discipline in the public sector(Ambition is best controlled by ambition). A dictatorship, political monopoly, will deprive our vested right to freedom.

Derek
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