Nader statement on Boeing

[Robert Weissman <rob@essential.org>]

  STATEMENT BY RALPH NADER 
  ON THE FEDERAL TRADE COMMISSION 
  APPROVAL OF THE BOEING-McDONNELL DOUGLAS MERGER
  
  For immediate release, 			For more information:
  July 1, 1997					Ralph Nader, 202-387-8034
  
  Today's 4-1 decision by the Federal Trade Commission approving the
  Boeing-McDonnell merger is the most portentous collapse of antitrust
  enforcement in a generation.
  
  What credibility can the FTC have against any future horizontal merger by
  two giant companies that leave the United States with only one
  manufacturer of a major product line?
  
  Only yesterday, a federal district court upheld the FTC's decision
  opposing the Staples-Office Depot merger. The unavoidable conclusion from
  today's decision by the FTC is that antitrust enforcement is restricted to
  smaller, less politically influential corporations.