Monopolies


Corporate Crimes


"Since 2001 corporate profits are up 70 percent, and CEOs are diverting America's investment capital into buying out their competitors, shrinking both jobs and consumer choice" (Ed. by Jim Hightower and Phillip Frazer. "More Brand Names Behind the Bush Agenda." Hightower Lowdown, Feb., 2005: 3).


Antitrust Laws

"One area where Europe is particularly determined to stand on par with Washington is in business regulation--as Jack Welch learned the hard way. Brussels has no intention to step aside and let the US Justice Department set the global antitrust agenda...

"Welch sought approval for his merger. By the time the GE-Honeywell deal arrived in Brussels for consideration, the Directorate-General for Competition had already squelched business plans proposed by such titans of American business as Microsoft, Intel, and Coca-Cola" (90)...

"...Europe's antitrust czar, Mario Monti...

"...he hit the German giant DaimlerChrysler with a €70 millin fine for charging different prices in different European countries for the same auto model...

"There was a strong clique of Monti fans in academia... "The notion of a European regulator in Brussels who can make the Americans tremble in their boots is fairly attractive to us," Davies said with a chuckle. "It used to be the Americans who were telling everybody what to do. Now the tables are turning"" (Reid, T.R. The United States of Europe: The New Superpower and the End of American Supremacy: 109)...


Colby Glass, MLIS