"Anti-monopoly is a governing philosophy that broadly views concentrations of power as a threat to freedom, recognizing that tyranny comes in many guises,"
"Just as the Constitution creates checks and balances in our government, safeguarding against concentrated political control, anti-monopoly laws create checks against concentrations of economic power."
"self-imposed red tape and excessive bureaucracy"
Antitrust enforcement aims to check concentrated economic power rather than punish business success. Anti-monopoly principles treat concentrations of market power as threats to freedom and view economic concentration as a form of tyranny that requires legal constraints. Anti-monopoly laws operate as institutional checks on economic domination, analogous to constitutional checks on political power. Federal agencies such as the FTC have roles in preventing the concentration of wealth and market control like that seen during the Industrial Revolution, which prompted the Interstate Commerce Act of 1887 and the Sherman Antitrust Act of 1890. The FTC acted to reduce accumulated self-imposed red tape and excessive bureaucracy built up since the Reagan era.
Read at Harvard Gazette
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