1142: Rethinking corporate-state relations to protect the citizenry. @RichardAEpstein
Image: Sen. (https://en.wikipedia.org/wiki/United_States_Senate) John Sherman (https://en.wikipedia.org/wiki/John_Sherman) (R (https://en.wikipedia.org/wiki/Republican_Party_(United_States)) –Ohio (https://en.wikipedia.org/wiki/List_of_United_States_Senators_from_Ohio) ), the principal author of the Sherman Antitrust Act The purpose of the [Sherman] Act is not to protect businesses from the working of the market; it is to protect the public from the failure of the market. Richard Epstein: @RichardAEpstein, Chicago Law, NYU Law, Hoover Defining Ideas, in re:Sherman Antitrust Act of 1890, and Clayton Act of 1914. Amy Klobuchar (a past student of Richard’s) of Minnesota: applying Clayton Act to Facebook. “I want to rethink this thing, including the way we look at existing companies that have been acquired. Even the break-up of FB is not off the table.” Two kinds of difficulties: mergers examined by a govt agency; and acquisition: have to reorient the law about nascent competition. Tim Wu. Qualcomm case. Case law. Strong pushback. . . . Double-marginalization practice