Public Policy: More Power for Trustbusters

The U.S. Government is entering a period in which its antitrust powers are wider than ever, but its chief trustbuster promises to be more selective in wielding them. Antitrust enforcement has always been unpredictable at best, but until recently it concentrated its fire on such common practices as price fixing, market splitting or the domination of a nationwide market by sheer size. No longer; nowadays, antitrust frequently means antimerger. Many businessmen are confused and worried about two court decisions in the past year that have given the Government broad authority to block...

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