03 JAN 2011 by ideonexus

 The Importance of Antitrust

The importance and difficulty of preventing any organization from becoming so large as to dominate the system.
Folksonomies: economics antitrust
Folksonomies: economics antitrust
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...governments and communities have to establish and enforce strong antitrust laws--which is basically fighting any group that gets too large and usurps power. Antitrust fosters decentralization of power, whether from government or business hands. Right now, antitrust authorities are already cooperating across borders in a number of cases, including worldwide companies such as Microsoft and Beoing. But it's hard for any establishment--including governments-to enforce antitrust with enthusiasm, since antitrust is inherently antiestablishement. Moreover, large organization often control considerable resources that they can wield to gain government favor--or favors. In the end, any large organziation is a threat; all we can hope for is balance or power and continuing turnover so that no single organization--government, corporation, trade association or even regulatory agency--gets too entrenched.