Monopolies: Antitrust or Anti-Capitalism?

Paper Summary:

In discussing the disadvantages of monopolies and antitrust versus anti-capitalism, this paper examines the history of antitrust laws, the anatomy of a monopoly, how monopolies effect the economy, the politics of antitrust, the role and opinion of the Federal Trade Commission and the Microsoft case.

From the Paper:

"America was founded on the idea that everyone had an equal chance to achieve financial success. If a person had a dream, they could follow that dream and get their piece of the pie. Coming from a weighted and disproportionate system, America's founders wished to form a country in which everyone had a chance. In England, one was born into their station in life. The rich would always be rich and a poor person had no chance of rising from the ranks to become wealthy. Antitrust laws were originally designed to keep the playing field even and give everyone and equal chance at achieving the American Dream (Mueller, 1997b). Their purpose was to assure that the old bourgeoisie class system that existed in Europe did not become a reality in the New World. Therefore many states adopted antitrust laws to assure that capitalism thrived and no one became so rich and powerful that the old class system, that they so loathed, developed."

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