Antitrust: At the Belt

So far this year, the federal trustbusters have won twelve criminal indictments against U.S. industry for price-fixing in various fields. The number is by no means a record; 37 indictments were returned in 1962 and 17 last year. But each case seems to get closer to the consumer's wallet. Last month a federal grand jury indicted eight leading steel companies on charges of rigging prices in the steel that goes into cars, refrigerators and washing machines. Last week the trustbusters-struck hard at the belt:in the biggest indictment yet brought in the...

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