By Tony A. Freyer
How antitrust fostered a world pageant awareness, able to curtailing international capitalism.
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Extra info for Antitrust and Global Capitalism, 1930-2004
The testimony revealed how interdependent patented technology and corporate organization were. In the Socony-Vacuum Oil Co. case, the nation’s leading oil companies raised a defense combining technological and organizational efficiencies to justify their cooperative purchasing of ‘‘surplus’’ gasoline from independent refiners to prevent the surplus from being introduced into the market. The companies argued that because the industry’s high fixed costs made cut-throat competition ruinous cooperation to fix prices was reasonable.
Supp. 97 (Dis. Ct. S. v. Aluminum Co. C. App. , 1945). See also John Wolff, ‘‘Business Monopolies: Three European Systems in Their Bearing on America Law,’’ 9 Tulane Law Review, (April 1935) 325–77. S. multinational corporations. Thus, Arnold quoted one article that stated, ‘‘by cleverly playing upon the profit motive (which is suppressed inside Germany)’’ the Nazis had ‘‘gulled businessmen in the democracies into limiting production of the very articles that the democracies were to need most urgently in their own defense.
Arnold,’’ Annual Report for 1941, 61–3; Werner J. Kronstein to Tony A. Freyer, May 17, 2002 (phone interview); Alfred Kahn to Tony A. Freyer, June 6, 2001 (phone interview); ‘‘Antitrust Enforcement in the War Emergency General Work of the Division during the War Years,’’ (1939–41), 3–6, Wendell Berge Papers, Folder Statements, October 15, 1943 to January 21, 1947, Box 43, LC. 28 Reconstituting American Antitrust, 1937–1945 restraints in the food distribution sectors; as the Antitrust Division developed an intensive investigation into patents, however, Edwards turned to disentangling the intricate monopoly practices in order to promote competition.