Word: antitrusters
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Dates: during 1940-1949
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...attitude of many a cartel-minded British bigwig, Benton reported, was epitomized by Lord McGowan, chairman of the potent Imperial Chemical Industries Ltd., and a director of General Motors, who said naively: "I see no hope for collaboration between British and American business unless the U.S. repeals its Sherman antitrust act. Can we in England look forward to that...
...Capital and Security. Fact-finding Mr. Benton came up with two reasons for the British liking for cartels: 1) England has never had antitrust legislation such as ours, thus cannot understand such legislation in the U.S. nor the fear of the American people of concentrated power in private hands; 2) the British view of capital is poles apart from the American...
Praising Morrison's frankness, the Economist goes on to praise the U.S. antitrust laws, to suggest that Parliament pass a declaratory act reviving the old common-law doctrine against restraint of trade. The Economist also calls for the appointment of a Royal Commission to explore the "jungle" of British trade associations...
...Chicago, Federal Judge John P. Barnes dismissed the Government's suit charging that Dictator Petrillo had violated the Sherman Antitrust Act when he forbade his 138,000 union members from playing for recordings, except those made "for home use only...
...last spring liberalized its membership rules, permitting the granting of an A.P. franchise to a new member by a simple majority, instead of four-fifths, of its 1,400 members (TIME, May 4). Arnold promptly informed A.P. that it had not gone far enough, was still violating antitrust laws...