Overview

In 1933, faced with an unprecedented economic crisis, US President Franklin D Roosevelt suspended the antitrust laws. Some criticised this policy. The National Recovery Administrator proclaimed that these critics “have really nothing to support them but the width of their mouths and the volumetric capacity of their lung power”.

In 2009, the US faces another economic crisis. Now there are also those who argue that during tight economic times, antitrust “is the first thing to go in terms of regulatory compliance”.

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