Industries that are exempt from Antitrust Laws | TigerDroppings.com

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Placebeaux
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Industries that are exempt from Antitrust Laws


Such as labor unions, electrical companies, natural gas companies, agricultural and fishery marketing associations, banking and insurance industries, and export trade associations.

What if these were no longer legal monopolies, would the country be better off?







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WikiTiger
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Member since Sep 2007
40721 posts

re: Industries that are exempt from Antitrust Laws


quote:

Industries that are exempt from Antitrust Laws
Such as labor unions, electrical companies, natural gas companies, agricultural and fishery marketing associations, banking and insurance industries, and export trade associations.


you forgot the biggest: government






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GumboPot
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re: Industries that are exempt from Antitrust Laws


NFL

Federal Reserve







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Placebeaux
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re: Industries that are exempt from Antitrust Laws


quote:

you forgot the biggest: government


well yeah






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Placebeaux
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Member since Jun 2008
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re: Industries that are exempt from Antitrust Laws


quote:

NFL Federal Reserve


MLB






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WikiTiger
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Member since Sep 2007
40721 posts

re: Industries that are exempt from Antitrust Laws


quote:

What if these were no longer legal monopolies, would the country be better off?


Well, as you indirectly stated in your post, monopolies are only possible with government involvement.

You question actually should be: Would the country be better off if there were true free markets and competition?

To which I'd say: hell fricking yes.






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Placebeaux
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re: Industries that are exempt from Antitrust Laws


It just seems unfair that these laws dont apply to certain people or groups.





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Placebeaux
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One man's LOL is another man's WTF
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re: Industries that are exempt from Antitrust Laws


Imagine if other private banks outside of the international banking system could bid on printing our money. Not that I want that but you know.





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Placebeaux
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One man's LOL is another man's WTF
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re: Industries that are exempt from Antitrust Laws


Better question Wiki.

How much influence did these "titans" of industry have in the early 20th century on these antitrust laws to get themselves exempt?






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LSURussian
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Baton Rouge
Member since Feb 2005
80154 posts

re: Industries that are exempt from Antitrust Laws


quote:

, banking and insurance industries
I'm pretty sure both of those industries are NOT exempt from anti-trust laws.

Several bank mergers have been disallowed because it was judged they would have controlled too much of the banking market within their geographical areas.

The same for insurance company mergers, as I recall.

Do you have a link saying those industries are exempt from anti-trust laws? If so, I'd like to read it.







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TigerGman
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re: Industries that are exempt from Antitrust Laws


quote:

monopolies are only possible with government involvement.


What?






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WikiTiger
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Member since Sep 2007
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re: Industries that are exempt from Antitrust Laws


quote:

quote:

monopolies are only possible with government involvement.




What?


Exactly what I said.







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TigerGman
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re: Industries that are exempt from Antitrust Laws


quote:

Exactly what I said.



Ummmm you think historically Monopoly's never existed without Government involvement?






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WikiTiger
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Member since Sep 2007
40721 posts

re: Industries that are exempt from Antitrust Laws


quote:


Ummmm you think historically Monopoly's never existed without Government involvement?


That is exactly what I am saying.

A monopoly is simply not possible in a free market.






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TigerGman
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re: Industries that are exempt from Antitrust Laws


quote:

That is exactly what I am saying.

A monopoly is simply not possible in a free market.



Yeah i'm pretty sure we had to enact anti trust laws for the simple fact that monopolies are not only possible in the free market but in fact occur with some frequency.







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LSURussian
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Baton Rouge
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re: Industries that are exempt from Antitrust Laws


quote:

A monopoly is simply not possible in a free market.

You flunked history.






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WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Industries that are exempt from Antitrust Laws


quote:

Yeah i'm pretty sure we had to enact anti trust laws for the simple fact that monopolies are not only possible in the free market but in fact occur with some frequency.


I'm sure that's what you've been taught but that doesn't mean it's true.

If we're going to have this debate, then please define monopoly for me. I'd prefer we debate based on a proper definition of monopoly.






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TigerintheNO
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New Orleans
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22516 posts
 Online 

re: Industries that are exempt from Antitrust Laws


quote:

How much influence did these "titans" of industry have in the early 20th century on these antitrust laws to get themselves exempt?



Pete Rozelle had the give New Orleans an NFL franchise to get their anti-trust exemption approved.






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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
80154 posts

re: Industries that are exempt from Antitrust Laws


quote:

I'm sure that's what you've been taught but that doesn't mean it's true.



quote:

If we're going to have this debate, then please define monopoly for me.
Why don't you define it?



This post was edited on 7/19 at 3:12 pm


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TigerGman
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re: Industries that are exempt from Antitrust Laws


quote:

If we're going to have this debate, then please define monopoly for me. I'd prefer we debate based on a proper definition of monopoly.



Sure. I'm assuming you'll find the "Wiki" definition more than acceptable.


In law, a monopoly is a business entity that has significant market power, that is, the power to charge high prices.[4] Although monopolies may be big businesses, size is not a characteristic of a monopoly. A small business may still have the power to raise prices in a small industry (or market).[5]






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