Business Abroad: Importing the Sherman Act

Much as they may inveigh against over-zealous trustbusting, most U.S. businessmen agree that one reason why U.S. industry has outstripped Europe over most of the past half-century has been Europe's easy tolerance of cartels. Last week in Brussels, the Ministerial Council of the six-nation Common Market approved the toughest antitrust regulation Europe has ever seen. Binding on all Common Market members under the 1957 Treaty of Rome, the new regulation will also affect U.S. businessmen who sell their products in the Common Market, manufacture within it, or have patent or license deals with firms that do.

Barred under the new...

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