Word: anti-trust
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Reich: Descriptively, I think of an industrial policy as mainly a nation's blanket economic policy--trade, tax, credit, procurement, research and development policies, anti-trust policies--as they affect the pace and direction of economic development, and every nation has an industrial policy. Some of them are good or bad. In the United States, we have a fairly elaborate industrial policy. Almost half of our research and development support for the private sector comes from government. Upwards of 70% to 80% of basic research and development comes from the government. We have a quite elaborate anti-trust and trade...
...coherent intervention. Let's take the G.M.-Toyota example. Presumably, how you handle G.M. Toyota is going to have something to do with the trade position of the United States and effect on negotiations. Should the U.S. negotiator talk to the person who might block the deal for anti-trust reasons? And vice versa. There's an intimate relationship between one policy and the other, and I think that raises the question: should we have a coherent policy...
Summers: Well my argument at this time would be to tie any kind or level of industry discussions-coalitions to much more active discussions at the industry level, which are currently perceived to be blocked by anti-trust laws. When I say anti-trust exemption, I don't mean a license to steal. I mean that we ought to devise ways of letting companies talk to each other about how to restructure an industry which leaves them exempt during that time from prosecutions...
...School's energy-security program, came to Harvard in 1977 after serving then-President Jimmy Carter's Energy Department. The Law School's leading regulation specialist. Douglas H. Ginsburg, announced in July that he would take a leave to serve as an assistant in the Department of Justice's anti-trust division...
...question the ability of cities and towns to operate such a complex system and to cope with planning, construction, operation, promotion, billing and service aspects. Most importantly, though, the industry warns of the dangers of government control of the media. This, they say, invites possible First Amendment violations and anti-trust litigation for municipalities...