Word: antitrust
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...think of a greater punishment than an antitrust suit for A T & T [Dec. 2] as the result of its success in serving the public efficiently. It should be required to take over the U.S. Postal Service...
...Bell at a time when the economy is so shaky. Part of the answer may he in the play of personalities in a new and still largely undefined Administration. Career trustbusters have long chafed to overturn the Eisenhower Administration consent decree, which they view as an affront to the Antitrust Division. In August 1973, some lower-level Justice staffers dusted off the Bell files and mounted an investigation. After 15 months and two changes of Attorneys...
General, the case landed on the desk of William B. Saxbe, the present Attorney General. Saxbe raised no objections to the Bell project, which seemed to fit in with his and Ford's position on using increased antitrust vigilance in the war on inflation. Saxbe cleared the suit with the President three weeks ago, then gave his trustbusters the green light to file...
Setting the Stage. The Bell action does not foreshadow a broad antitrust drive against corporations in concentrated industries. Justice's hard-pressed, 370-member antitrust staff is scarcely able to handle the few big league cases it already has underway: the Bell case, the six-year-old suit to break up IBM, and investigations of price hikes by oil and sugar firms...
Whatever its outcome, the Bell suit will surely set the stage for a renewed debate about the proper aims of modern antitrust policy. Not even the Justice Department accuses A T & T of behaving in the ruthless style of the freewheeling monopolies that were broken up under the Sherman Act 60 years ago. As the lingering notion that "bigness is badness" has faded, the nation has tolerated increasing concentration in many industries. The question that overlies virtually every antitrust effort today is how to weigh the admitted advantages of competition against the economics of scale in any given field. Businessmen...