The effectiveness of antitrust law in globalized economy
“One study has demonstrated that prices were more likely to go up than down after an antitrust indictment.
[…] Reading through old cases does not induce great faith in the contemporary usefulness of 19th- and 20th-century antitrust laws. In most areas of manufacturing there is far more foreign competition, if only potentially, than through most of the history of those laws.”
Texts from: “Yesterday’s Antitrust Laws Cant’s Solve Today’s Problem.” https://www.bloomberg.com/view/articles/2016-10-05/yesterday-s-antitrust-laws-can-t-solve-today-s-problems