- Dan Ryan exaggerates the "vagueness and arbitrariness" of Hong Kong's proposed competition law; most businesses can pinpoint the distinction between when they are competing and when they are collaborating or exerting their market power.
- In more than 100 countries with competition law, businesses have not been led to seek clearance from competition authorities for everything they do; this is a fairly small portion of a competition authority's operations, in general.
- Competition law will not radically change Hong Kong's free market tradition, but rather it will better protect it from those who seek to extract profits in ways that subvert competition.
Thursday, July 22, 2010
Response to Dan Ryan: "Competition Law Will Benefit Hong Kong "
In a letter to the WSJ dated July 20, 2010, Andrew Simpson and Marc Waha responded to Dan Ryan's article "Competition Law and (Dis)order" with the following claims: