Note to Users
When we began researching and planning the content for
this site, we planned to create a comprehensive guide to the history of
antitrust cases and a source for information and discussion relating to current
and future cases. Along the way, we made a discovery that we think adds enough
to make the site a springboard into something more—a new way of looking at the
study of the antitrust movement.
During our intensive research, we realized a trend was
developing. This trend runs throughout the history of antitrust, and seems to
make the antitrust issue a good microcosm with which to teach students about the
proceedings of the US government, from the legislative to the judicial.
As a result, legislation often takes an all-encompassing, albeit vague approach in defining violations, ultimately leaving room for broad interpretation. This is one reason the judicial branch was founded. Many court cases are not clear-cut, guilty or not guilty decisions. Often, the court is called upon to articulate exactly what was intended by the law as enacted by the legislators before judging whether or not the defendant violated that law. Thus this approach to legislating leads to an endless, though absolutely necessary, string of engaging debates on the subject. This debate often results in changes in the very intended meaning of the original legislation, sometimes at the hand of changing social climates.
For instance, think of the way the potential interpretation
of the right to bear arms has changed after the emergence of an ever
increasingly violent society armed with ever increasingly accurate killing
machines. No matter your stance on the issue, scarce few would have suggested
removing or censoring this constitutional right 200 years ago when America was a
more untamed place. The ability to change our interpretation of legislation is
one of the properties that makes our system so strong; the system is open to
change, and able to adapt and evolve to better fit society’s needs, should
those needs change, without overhauling the entire system and rewriting the
constitution.
Antitrust is another good example of this trend of ambiguity
and debate in US politics. The Trust Issue is a thorny one, with opponents
touting the American ideal of the free market and trustbusters citing the
economic benefits of competition and claiming the right to intervention on
behalf of the consumer.
Besides the essential debate over the entire concept of antitrust law, there is also the debate over the validity of leveraging as a violation of antitrust laws. More debate is centered on whether prevailing economic conditions, such as global competition and the faster pace of the business world, make the old systems of antitrust analysis obsolete. Antitrust, now a hundred years old, still confuses and confounds the judiciary and sparks electric debate among political and economic analysts.
Hopefully, by reading about the history of antitrust action,
including the conditions that prompted debate on the subject and the initial
actions in response to The Trust Issue, and by reading the case study of the
antitrust actions taken against Microsoft, students of antitrust will become
students of US politics and earn a deeper understanding of the nature of the
debate and the action that drives our political system.