Word of the Day
March 5, 2020
Antitrust
Laws designed to promote competition and prevent monopolies by restricting business practices that reduce market competition, such as price-fixing, market allocation, and vertical integration.
From 'anti-' meaning against, and 'trust' referring to business combinations that controlled entire industries. The term emerged in the late 1800s when large corporate 'trusts' dominated American railroads, oil, and steel industries.
Usage Examples
- The Department of Justice brought an antitrust suit against the movie studios, claiming they had monopolized the film distribution market.
- Antitrust enforcement has expanded beyond monopolies to target companies that simply dominate their markets through superior products and services.
- Critics argue antitrust laws are often weaponized against successful businesses rather than protecting consumers from actual harm.
From the Show
The history and unintended consequences of antitrust enforcement dominated the March 5th discussion as Susan Kochevar and D.K. Williams examined the Paramount Decree’s lasting impact on the film industry.