Friday, August 08, 2003

Antitrust News: Model Injustice

Thanks to 'John Galt' for pointing us to a Collin Levey's WSJ editorial on the models' antitrust suit.

A final philosophical question: Whose business is it really what modeling agencies charge for their services? They don't own an "essential facility" necessary for life and well-being. The investigators should think hard about what public purpose is served by chasing down people who've entered into voluntary contractual relationships in a business that is beyond the Justice Department (or anyone else) to make economic sense of.
I think the final philosophical question should be why antitrust should apply to any voluntary contractual relationship.

"Those who create," Coco Chanel said, "are rare. Those who cannot are numerous. Therefore, the latter are stronger." That is the bureaucrat's ode, illustrated again by the antitrust division's attempt to force another industry into a facile economic mold.
Coco Chanel said that? I might just take back my dig against the modeling agencies from the other day.

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