Antitrust advocates have set their sights on five leading information-technology companies—Amazon, Apple, Facebook, Google, and Microsoft. Although the would-be trustbusters profess disdain for the Chicago School, which had long recommended against antitrust actions except in rare cases of actual consumer harm, they unwittingly advocate some of the school’s worst traits while manifesting few of its many virtues.

This article will be posted in full nine months after its initial print publication. To read it now, please buy an electronic version of this issue for $2.99 (available on iOS, desktop browsers, Kindle Fire, and Android), or buy a print copy of this issue for $12.00.