Saturday, February 4, 2012
LAD #27: Clayton Antitrust Act
The Clayton Anti-Trust Act, simply, serves to legitimize and open up America's stand against the corruptness of Big Business and the Robber Barons of those corporations. It was a figurehead that stood on the shoulders of the Sherman Anti-Trust Act created prior. One regulation created by the act was that it made the discrimination of price between numerous products of similar value obsolete -- example: charging more for short railroad trips than long railroad trips -- if this undermines competition and raises the chance of corporate monopoly. Yet, this document was not created to prevent the consumers choice and bona fide transactions (allowing complete an utter free trade). Another benefit of the act was to prohibit granting unjust rebates and other price shifting properties used to force out competition. Lastly, an additional prevention heeds the causation of free trade by preventing intercompany stock purchasing in order to lessen competition
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