July 01, 2014

FTC v. Actavis: The New Patent–Antitrust Intersection

Michael Childers

Despite what every child is taught in grade school, the United States is not a true free-market economy. The government grants subsidies and credits, regulates product development and release, blocks mergers, and breaks up companies. The free market in the United States is not constructed according to blind trust in Adam Smith’s invisible hand, but is, instead, subject to government intervention intended to ensure competition.

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