Thursday, February 28, 2013
The Consumer Vs Anti-Trust Laws
The Sherman Antitrust Act has been relatively timid for well over 120 years.
There always is a debate 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, whether there is a monopoly, 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 the administration’s position and its support of lawyers, who are always ready to sue. But such plaintiffs do not always have the consumers’ interest at heart
What about jobs? Any effects of strict leftward trusts' action will be jobs-negative as a result. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at twitter.)
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