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Evolution of Antitrust Laws and Policies
The chapter explores the history and evolution of antitrust laws, from their origins in the Gilded Age to the present day focus on consumer welfare and economic efficiency. It discusses key figures like Louis Brandeis and Theodore Roosevelt who championed antitrust as a means to curb corporate power and ensure fair competition. The conversation also delves into the shift in antitrust philosophy towards prioritizing consumer welfare and economic considerations, overshadowing previous concerns about power, democracy, and small businesses.