Issue Brief: Handcuffed by the Courts

Date: 8 Mar 2022 | posted in: Retail | 0 Facebooktwitterredditmail

Handcuffed by the Courts:

How Judges Broke Our Monopoly Laws and What Congress Must do to Repair Them

Beginning in the late 1970s, a series of Supreme Court cases upended U.S. antitrust laws — laws that were once the linchpin of a comprehensive, democratic check on corporate power. These rulings gave powerful corporations free rein to capture control over markets by strongarming suppliers, kneecapping smaller competitors, and buying up rivals. This was a radical shift in policy, and it was instituted by judges, not Congress.

Today, momentum is growing in Washington, and at the state level, for much stronger antitrust enforcement. However, while leaders are increasingly committed to reigning in monopoly power, bad case law has limited the effectiveness of good enforcers.

In ILSR’s latest issue brief, Senior Researcher and Writer Ron Knox traverses this history and argues that Congress must take action to undo decades of pro-monopoly Supreme Court decisions.

Specifically, Congress should be guided by two overarching goals:

  • Clarify the intent of the antitrust laws.
  • Reinstate bright-line standards when enforcing the laws.

Knox also recommends that Congress pass legislation addressing two key areas of antitrust law: abuses of dominance and harmful mergers. These proposals would remove the judicially created barriers that have clouded the goals of antitrust and handcuffed our efforts to police corporate power.

 

Read Handcuffed by the Courts.


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Follow Ron Knox:
Ron Knox

Senior Researcher

Ron Knox is the senior researcher and writer for the Independent Business Initiative. He has studied and written about antitrust and monopoly power for more than a decade. Before joining ILSR, he worked in various senior editorial roles at Global Competition Review, and his antimonopoly writing has appeared in The Washington Post, Slate, The American Prospect and elsewhere. He is based in Kansas City.

Follow Luke Gannon:
Luke Gannon

Luke recently received a BA in journalism, creative writing, and ethnography from Hampshire College. She wrote, designed, and edited a magazine titled The Politics of Land in Teton Valley, ID that analyzed the environmental, economic, and social patterns of the region amidst Covid-19.