A policy at peace with itself: Antitrust remedies for our concentrated, uncompetitive economy
Frequent news of corporate mergers has generated an increased interest in antitrust issues in recent years. This paper examines the history of antitrust legislation in the U.S., discusses the longstanding debate around its purpose, and offers data to demonstrate that, in recent years, it has failed to stem the tide of corporate concentration or decreased competition—with serious consequences. The authors conclude by recommending four reforms to antitrust enforcement that should enjoy consensus.