Antitrust 2025

Antitrust policy in the United States has roughly twenty to thirty year cycles: (i) after initial dormancy, 1900-1920, the promise of antitrust; (ii) 1920s-mid-1930s, antitrust dormancy in the boom and bust years; (iii) mid-1940s-1970s, antitrust representing “the Magna Carta of free enterprise” in preserving economic and political freedom; and (iv) late-1970s-2010, antitrust’s contraction under the Chicago and post-Chicago Schools’ ne