The
antitrust paradox.
Judge Learned Hand, 1872-1961
“[T]he great
industrial consolidations are inherently
undesirable, regardless of their economic
results. ... Throughout the history of these [antitrust] statutes, it has been
constantly assumed that one of their purposes was to perpetuate and preserve, for
its own sake and in spite of possible cost, an organization of industry of
small units which can effectively compete with each other.”
(U. S. v.
Alcoa, 148 F.7.d. 416, 429, 1945.)
