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Antitrust legislation used to block mergers of companies that were 1000x smaller than standard oil and controlled a much smaller share of the market. How antitr
by cglace 7y ago
Antitrust legislation used to block mergers of companies that were 1000x smaller than standard oil and controlled a much smaller share of the market. How antitrust is interpreted and enforced is very much a moving target.
- Nasrudith 7y agoI wonder how much of that was locality vs shifting standards. I recall antitrust receiving a defacto softening of standards by going from business impact to consumer impact (there are some things to debate there since effectively any merger which makes them more competitive would technically count some). Essentially locality means Exxon and Mobil can merge but not the only two gas stations in town. Speaking of which I remember a few gas station chain mergers resulting in closing of gas stations at an intersection not because they were redundant but laws against the same owner having separate gas stations within a certain distance.