U.S. Antitrust 2025: How Have We Handled The Bulletproof Cartels?

There is a tendency, especially among those of us who count ourselves as antitrust lawyers or economists, to think that the antitrust laws were handed down by the benevolent gods on Mount Olympus, and that they are the only guidance that we need in the areas in which they apply. Certainly, there may be robust debate around the edges, and the economists will litter the field with their formulae, but at the core there is almost no argument-horizontal cartels are evil. A