Today the Bush administration's pathetic antitrust division announced that the merger of the two firms now providing satellite radio services would "not Substantially Reduce Competition."
Our earlier statement of opposition to this merger is here.
If the Bush administration wanted to allow consumers to use the same receivers to use both services, they could have simply required interoperability of the receivers, rather than creating a monopoly. It is quite a bit more difficult to un-do monopolies than to block the mergers that create them.
