Word: antitrusters
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...economic issues have revived as suddenly as antitrust policy. Only weeks ago, excitement about business concentration and the potentialities of vigorous trust-busting seemed, in the words of Historian Richard Hofstadter, "a faded passion." Now the virtues and evils of business bigness are again being fiercely debated, largely for two reasons...
...during his time in the Antitrust Division there were people on Turner's staff coming up with solidly-based cases against GM on the issue of bigness," Green said yesterday...
Turner also criticized Green's report for failing to consider the broad social and economic implications of the ac-tions it recommends, such as the breakup of the auto industry. "Disagreements on these cases were very real-they were not simply political. I don't know of one single antitrust case which was dropped for what I would call venal political reasons," Turner said...
Katzenbach. Turner's superior who was singled out by the Green report, has been equally critical of it. He has condemned the report for massive factual inaccuracy, and has stated, according to Green, that "he knows a lot more about antitrust law than any kid one year out of Harvard...
...there has been little official reaction to the measures which the Nader report proposes to combat the monopolies. These include mandatory public disclosure of all meetings between government and business concerning antitrust cases; stronger penahlties; the creation of a new antitrust agency which would consolidate the efforts of the Justice Department and the Federal Trade Commission; an immediate ban on any further mergers by the 500 largest .U.S. corporations: and a break-up of shared monopolies...