Jul 2, 2007
The Supreme Court last week overturned a 100-year-old antitrust rule when it decided that manufacturers COULD agree together to set a base price for retail prices on their goods – so long as the agreement promotes competition!
How could a deal to impose a price floor promote competition?!
In the logic of the Supreme Court, very easily. The only competition that matters to them...is the corporate competition for higher and higher profits!