Wouldn’t you think that the time the Obama administration’s Justice Department and Federal Trade Commission would start to get active against companies using the Sherman Antitrust Act would certainly not be now? Right during the Great Recession?
After enforcement of the Sherman Antitrust Ac has been relatively timid for over 120 years?
There is a huge debate going on about what actually is a monopoly. Many on the left consider size alone as the deciding factor, when in the past, the competitive effect on the consumer was always important.
The bottom line as to whether there is a monopoly or not should be the effect on the consumer. If the corporate situation being investigated helps the consumer, then there is no monopoly. The whole intent of the Act was in the interest of the public.
What is telling is that the Obama administration’s position has the wholehearted support of lawyers, who overwhelmingly donate to the Democrat party. Lawyers are ready to sue, sue, those monopolists. But such plaintiffs do not always have the consumers’ interest at heart.
What about jobs? Any effects will be negative as a result.
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