Word: antitrusters
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...Since antitrust can be both complete and boring. I hesitate in responding to James Star's editorial. "Busting Trusts Sensibly." Thankfully, though, within the tangle are at least two clear principles which might guide out actions. Star affirms one: that firms ought to be held accountable if and only if they engage in unfair conduct, such as price-fixing arrangement or price gouging to monopolize a market. This principle is generally regarded as the basis of our antitrust laws. Hence, the present administration may be praise worthy for adhering to the law and its underlying rationale...
...decades, politicians and the public alike have ignored national antitrust policy. What was once the cornerstone of the populist movement has almost entirely faded from the public agenda, probably because the issues surrounding antitrust cases today are--in historian Richard Hofstadter's words--"complex, difficult, and boring." But despite their eclipse, the modern issues of antitrust remain of unquestionable importance. And in its attempts to reform a federal policy some have described as "at war with itself," it seems that the Reagan Administration deserves praise...
...chief attorney called the results "a complete vindication" of the corporate giant, and IBM President John R. Opel, on hearing the news of a settlement, repeated what IBM had staunchly maintained for over a decade: "Our industry is healthy and competitive, and IBM has not violated the antitrust laws...
Many believe that launching the case against IBM was the worst antitrust policy mistake the government has made. The substantial funds diverted by IBM from productive areas like research to its legal department and the years the company set back cautiously watching the government's actions helped allow substantial foreign competition to gain a foothold in one of America's most important export industries. Not till several years ago did the computer manufacturer abandon its careful stance and convinced it would win the case, plunge back into the fight by introducing new product lines and cutting prices. The Reagan Administration...
...hero behind the new antitrust policy is Assistant U.S. Attorney General William F. Baxter, whose reputation is growing among both liberals and conservatives. Like the Western sheriff his boss liked to portray in black-and-while movies. Baxter is aggressive, tough, and fair. In dropping the IBM case, he admitted straight forwardly that "it is perfectly clear that IBM obtained its very large market share in an entirely legal way." But one cannot charge him with being soft on big business; the AT&T settlement was entirely his doing, and his opposition recently prevented the G. Heileman Brewing Company from...