In the New Deal days, a forthright British industrialist was introduced to a trustbusting U.S. Government lawyer. Said the Briton: "I've read your books and I know you to be an intelligent man. I know that you know that these antitrust suits of yours don't really change anything. Why do you bring them?" Said the American: "I know they don't change anything. But what you don't understand is that these suits are like medieval miracle playsdesigned to educate the people, to tell them how capitalism really works."
The U.S., beginning last week, had a new spectacle: the televised hearings in...
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