Odd Lots

Beak Capitalism, Part 3: Un-Clucking the System

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Nov 17, 2024
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INSIGHT

Historical Suspicion of Corporations

  • Americans have always been wary of corporate power, initially due to government-granted charters.
  • This historical suspicion stemmed from concerns about potential abuse by powerful corporations.
INSIGHT

Packers and Stockyards Act

  • The Packers and Stockyards Act provides added protections for farmers against unfair practices.
  • This act focuses on fairness, unlike antitrust laws that solely focus on competition.
INSIGHT

Shifting Antitrust Focus

  • Antitrust policy has shifted from solely focusing on consumer welfare to considering broader impacts.
  • Monopsony, where there's one major buyer, is now a key concern, not just monopoly.
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