Wired for Overregulation

Steve Chapman, Chicago TribuneOutside the Washington headquarters of the Federal Trade Commission is a sculpture of a powerfully built, shirtless man forcibly restraining an unruly horse. It's called "Man Controlling Trade," and it captures a common attitude in government: Oftentimes, capitalist firms need to be saddled and broken.That assumption underlies an antitrust suit filed Wednesday by the Justice Department to block a merger between AT&T and T-Mobile. They want to join forces for mutual advantage in their competition with Verizon and other wireless carriers. The Obama administration claims that...

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