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The Double Standard of Antitrust Law
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June 25, 2019 | INEQUALITY | Antitrust law, established originally to limit corporate power, has become its friend. Antitrust law has come to reinforce the power of large business firms while preventing workers, small producers, and micro-enterprises from exercising collective power. ..By preventing associations of workers or small producers from coordinating their activities, the evolution of antitrust has contributed significantly to the rising inequalities of the past half-century. Millions of people now work as independent contractors and suppliers who in the past would have been employees. But if they try to organize, they run afoul of the antitrust laws. Antitrust law today defines a variety of worker and producer associations as cartels and assumes that they lack “productive efficiencies”—yet it automatically imputes these efficiencies to business firms that dominate markets… The American Prospect
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