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Enforce the Sherman Antitrust Act. > Every contract, combination in the form of trust or otherwise, or conspiracy, in restraint of trade or commerce among the
by oldgradstudent 5y ago
Enforce the Sherman Antitrust Act.
> Every contract, combination in the form of trust or otherwise, or conspiracy, in restraint of trade or commerce among the several States, or with foreign nations, is declared to be illegal.
> Every person who shall make any contract or engage in any combination or conspiracy hereby declared to be illegal shall be deemed guilty of a felony, and, on conviction thereof, shall be punished by fine not exceeding $100,000,000 if a corporation, or, if any other person, $1,000,000, or by imprisonment not exceeding 10 years, or by both said punishments, in the discretion of the court.
A few years in federal prison for the CEOs of Apple and Google might change the situation.
- elliekelly 5y agoHas anyone ever actually gone to prison under the Sherman Act?
- oldgradstudent 5y agoRarely. > Jail sentences have also traditionally been lenient. For example, from 1890 to 1970, only nineteen individuals actually went to jail for pure antitrust violations for a total of 28 months. Thus, during the first 80 years of the Sherman Act, the average jail sentence was approximately 1.5 months. https://lawecommons.luc.edu/cgi/viewcontent.cgi?article=2020&context=luclj https://lawecommons.luc.edu/cgi/viewcontent.cgi?article=2020...
- silexia 5y agoAs a CEO, I would love to see the enforcement of these laws. Increasing competition will greatly help our free market. People have lost faith in capitalism because of crony capitalism.