Nicholas Provenzo LTE

Nicholas Provenzo's letter to the editor was published in the Wall Street Journal today (21 May 2008):

The Journal applauded the FTC's effort to block
the proposed merger of Inova and PWHS on the grounds that Inova's use of zoning
law and other political efforts to restrict its competitors makes it a coercive
threat to competition and a legitimate target for antitrust enforcement. The
error in such a position is that there is no such thing as a legitimate target
for antitrust enforcement; these laws are no different from any other political
interference in the marketplace.

Nicholas Provenzo
Chairman, The Center for the Advancement of
Capitalism, Washington