A couple of fairly crazy, free-thinking professors have formulated a new ideology they call Radical Markets. I’ve read their book — it’s a bizarre but compelling amalgam of Henry George, Adam Smith and extremist libertarianism. One of their insane ideas is something along the lines that no one should own anything, but that property should always go to the highest bidder. Anyway, their op-ed in today’s NYT joins in the call for a renewed Progressive-Era -inspired form of trust busting. Advocates for stronger antitrust need to make a stronger case that regulation, which always tends to fail and to be turned into a tool for the regulated industry, can be effectively used to make the economy more competitive.