Saturday, June 19, 2010
Posted by D. Daniel Sokol
How about a hearing that focuses on anti-competitive government regulation and steps to take to reduce such regulations? See this proposed rule from Friday as an example. Price increases would end up being passed onto the consumers for this attempt to stop "unfair" competition. If the Administration has confidence in DOJ Antitrust (which it should, there are some really great people there), then the Administration should let DOJ bring cases against monopolistic practices in agriculture. Instead, the Administration has proposed a protection of small farmers regulation, which will raise prices for consumers. I hope that being captured by small producer interests is worth it for the administration politically as a trade-off for the rest of us paying higher prices. This is yet another example of public choice problems. Elsewhere I have explained how this process affects antitrust. We need some visibility to anti-competitive regulation and some competition advocacy.