Media Advisory: July 7th, 2000
For Immediate Release
CAC’s Richard Salsman:
Who: Center for the Advancement of Capitalism (CAC) Senior Policy Expert Richard Salsman
What: A lecture laying out the path to abolish the nation’s antitrust laws at Second Renaissance Conferences “Ideas for the Rational Mind IV”
Where: Omni Richmond
When: Friday, July 14th, 2000 9:00 AM
SPOTSYLVANIA, VA— Richard Salsman, a senior policy expert with the Center for the Advancement of Capitalism (CAC) and President and Chief Market Strategist of InterMarket Forecasting will address the over 175 participants of Second Renaissance Conference’s “Ideas for the Rational Mind IV” with his call to abolish the nation’s 120 year-old antitrust laws.
“More than a century of antitrust law in America provides ample evidence of its injustices,” says Salsman.
“Consider only those provisions relating to price setting,” says Salsman. “If a business sets a price above the prices of its rivals, it can be charged with ‘intent to monopolize.’ If it sets a price below those of rivals, it can be charged with ‘predatory pricing’ or ‘unfair competition’ or ‘restraint of trade.’ If it charges a price similar to those of rivals, it can be charged with ‘collusion’ and forming a ‘conspiracy to fix prices.’”
“In short,” says Salsman, “the minute anyone goes into business, whatever price policy they adopt, they violate the antitrust laws.”
Salsman will address whether the injustices wrought by the antitrust laws have intensified or receded in the past two decades, what economic and legal theories now govern antitrust, and what is the likely future direction of antitrust-law enforcement. By examining the case history of antitrust—-with special reference to the current Microsoft case—Salsman will offer a practical blueprint for extracting America from the vicious stranglehold of antitrust law.
“It’s been our position from the outset that every argument for antitrust crumbles upon proper philosophic examination,” says Nicholas Provenzo, CAC executive director. “Richard Salsman has been conducting precisely this kind of examination for years.”
“Mr. Salsman has been an articulate advocate for the rights of businessmen for all of his his professional life and his thoughts on antitrust represent some of the most advanced thinking in the field,” says Provenzo. “His talk at Second Renaissance is a welcome event in the fight against antitrust and we at the Center are proud to support it.”
The mission of The Center for the Advancement of Capitalism is to present to the public a moral defense of individualism and economic freedom. The Center undertakes projects and activities designed to communicate its message to the public, the press, and policy leaders, targeting issues central to a moral defense of laissez-faire capitalism.
The Center for the Advancement of Capitalism