This Budding Movement Wants to Smash Monopolies

“Robert Bork changed the view of antitrust law, which was originally intended to break up concentrated power. Without altering a word in the Sherman Antitrust Act, Bork and his colleagues – known as the “Chicago school” because of their devotion to University of Chicago neoclassical economic theories – rewrote history, determining that antitrust merely concerned “consumer welfare,” an economic study of prices, rather than effects on competition. Starting in the Reagan administration, the Chicago school’s capture of antitrust theory has brought us to a period of market concentration unrivaled since the Gilded Age” – This Budding Movement Wants to Smash Monopolies

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