Competition Overdose: How Free Market Mythology Transformed Us from Citizen Kings to Market Servants

Maurice E Stucke, Ariel Ezrachi

"Legal experts Ariel Ezrachi and Maurice Stucke diagnose the symptoms of competion run amock--how market-based solutions increase inequality, kill entrepreneurship, hurt consumers, and destroy healthy industry ecosystems--and provide remedies that will ensure sustainable growth and progress for all"--.

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Book Information

Publisher: Harper Business
Publish Date: 03/17/2020
Pages: 416
ISBN-13: 9780062892836
ISBN-10: 0062892835
Language: English

What We're Saying

March 18, 2020

"Competition sometimes fails to deliver. When it does, it often leaves individuals and society worse off. The invisible hand then becomes nothing more than a sleight of hand." READ FULL DESCRIPTION

Full Description

Using dozens of vivid examples to show how society overprescribed competition as a solution and when unbridled rivalry hurts consumers, kills entrepreneurship, and increases economic inequality, two free-market thinkers diagnose the sickness caused by competition overdose and provide remedies that will promote sustainable growth and progress for everyone, not just wealthy shareholders and those at the top.

Whatever illness our society suffers, competition is the remedy. Do we want better schools for our children? Cheaper prices for everything? More choices in the marketplace? The answer is always: Increase competition.

Yet, many of us are unhappy with the results. We think we're paying less, but we're getting much less. Our food has undeclared additives (or worse), our drinking water contains toxic chemicals, our hotel bills reveal surprise additions, our kids' schools are failing, our activities are tracked so that advertisers can target us with relentless promotions. All will be cured, we are told, by increasing the competitive pressure and defanging the bloated regulatory state.

In a captivating exposé, Maurice E. Stucke and Ariel Ezrachi show how we are falling prey to greed, chicanery, and cronyism. Refuting the almost religious belief in rivalry as the vehicle for prosperity, the authors identify the powerful corporations, lobbyists, and lawmakers responsible for pushing this toxic competition--and argue instead for a healthier, even nobler, form of competition.

Competition Overdose diagnoses the disease--and provides a cure for it.

About Ariel Ezrachi

Ariel Ezrachi is the Slaughter and May Professor of Competition Law and a Fellow of Pembroke College, Oxford. He serves as the Director of the University of Oxford Centre for Competition Law and Policy. He is co-editor-in-chief of the Journal of Antitrust Enforcement (OUP) and the author, co-author, editor and co-editor of numerous books, including Virtual Competition - The Promise and Perils of the Algorithm Driven Economy (2016, Harvard), EU Competition Law - An Analytical Guide to the Leading Cases (6th ed, 2018, Hart), Global Antitrust Compliance Handbook (2014, OUP), Research Handbook on International Competition Law (2012 EE), Intellectual Property and Competition Law: New Frontiers (2011, OUP), Criminalising Cartels: Critical Studies of an International Regulatory Movement (2011, Hart), Article 82 EC - Reflections on its recent evolution (2009, Hart) and Private Labels, Brands and Competition Policy (2009, OUP).

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