“The chairman of the Federal Communications Commission took steps Tuesday to block the proposed $39 billion merger of the mobile phone companies AT&T and T-Mobile USA. The chairman, Julius Genachowski, made the move after the commission’s staff concluded that the deal would harm consumers, kill jobs and result in an overly concentrated wireless phone industry, F.C.C. officials said.” (New York Times)
Our free market.
FEE Timely Classic
“Do Antitrust Laws Preserve Competition?” by Sylvester Petro