Dan Ryan on the problem with competition law

In light of China’s recent efforts to use competition law to pursue foreign firms, here’s a quote from Dan Ryan of Serica Services:

“Competition laws are bad, vague, arbitrary law. They allow regulators to use their own subjective economic judgments to override traditional common law rights of property, contract and speech. They invite politicization of the legal system and decision-making.

Not only are competition laws wrong in principle, they are especially bad in China. They will be bad for the rule of law in Hong Kong.”

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