A New Yardstick for Monopoly
NOBODY is henceforth going to be afraid of or suspicious of any business merely because it is big." With these words, spoken after the passage of the Clayton Antitrust Act in 1914, President Woodrow Wilson thought he had laid to rest, once and for all, the question of how big a business should be. He could not have been more wrong. Time and time again, the nation's industrial giants have been haled into court on antitrust charges that smacked of prosecution for bigness alone. The problem has been raised...
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