By waving through BT’s takeover of EE, the government’s competition watchdog has again put corporate interests ahead of the public interest.
Our resident economic illiterate, The Matchstick Man, likes to ask awkward questions. This month: if interest rates are 0.5%, why the hell is my bank charging 18.9%?
Left to their own devices, firms will almost always try to takeover other firms or force them out of business. But every takeover reduces competition and choice, which is supposed to be the whole point of the free market in the first place.