Pros And Cons Of Antitrust Law

218 Words1 Pages
Antitrust or Economic Competition Law Provides an alternative way in which the government could influence the market. As in the case of regulation, the antitrust law can be formulated for the public interest, to maximize the total surplus, or for private interests, to maximize the surplus of special interest groups, such as producers. Antitrust Laws are considered The Sherman Anti-trust act, which was approved in 1890 in an atmosphere of indignation and disgust for the actions and practices of J.P. Morgan, John D. Rockefeller and W. H Vanderbilt, the so-called "male bandits". Ironically, the most scabrous stories about the actions of these great capitalists are not about the monopolization and exploitation of the consumers, but about the clever