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Re: Antitrust Bill of Rights
On Fri, 28 Nov 1997 17:08:25 +0000, firstname.lastname@example.org (Ralph
>I hear you. The interesting question is why Congress, which is to some
>extent at least, response to the public, hasn't abolished or changed
>the antitrust laws. So there must be some constitutency out there for
>fair competition. Why is it being done by the courts?
I would say, in response, that as long as Congress is satisfied with
the result (the practical repeal of anit-trust), why should they
bother to officially repeal them?
Perhaps you mean to ask why the courts got to the job first?
I think that the judicial branch always reflects elite opinion more
perfectly than the popular branches of government. Since effective
anti-trust regimes inherently reduce the ability of elites to control
the economy, elite institutions and power centers will be stronger in
their opposition to them.