4 ms·
This is also a good point to make: the popular interpretation of antitrust laws (e.g. current reading of Sherman Antitrust Act (1890) and Anti-Merger Act (1950)
by singhrac 6y ago
This is also a good point to make: the popular interpretation of antitrust laws (e.g. current reading of Sherman Antitrust Act (1890) and Anti-Merger Act (1950)) is really rooted in a charge against judicial activism from Aaron Director and Robert Bork's idea of "consumer welfare" (which dates from 1964!). That goal is not enshrined in any particular economic gospel, as far as I can tell. So it's worth noting that legal standards change!
In particular, courts disagree! See the Qualcomm verdict: https://pacer-documents.s3.amazonaws.com/3/19-16122/009132019519.pdf https://pacer-documents.s3.amazonaws.com/3/19-16122/00913201...
There are plenty of reasons to break a monopoly besides just wanting to see "big guys get knocked down".