Summary of Current Policies
Summary of Current Policies
Antitrust legislation is still in existence today. Its effectiveness is
dependent upon the political climate of the times and thus varies accordingly.
Antitrust legislation is still on the books in America, but tends to be vague as to what constitutes abuses, allowing for a great deal of variation in interpretation by the courts.
For example, the United States Steel Corporation ruling by the Supreme Court in the early 1920’s said that having monopoly power did not constitute an infraction of the Sherman Act, so long as that power was not abused. This decision was reversed in the later ruling of the 1945 Aluminum Company of America case.