The global adoption of free market economies has unleashed the age-old forces of greed seeking private advantage, while governments are adopting conflicting competition rules to protect consumers. Harmonizing the world's competition regimes is a critical challenge Both private conduct and government intervention can harm consumer welfare. Tracing both legal and economic thinking over the past centuries, this book by a former U.S. Antitrust Division official and Chair of the ABA's Section of Antitrust Law, distils the lessons we can learn and the mistakes we can avoid. Provocatively suggesting priorities that may challenge the global USD 11 billion "antitrust industry", the book proposes ten principles that will assist in designing effective but harmonious competition regimes for the world and invites further discourse as the International Competition Network of some 75 government agencies is beginning convergence efforts at the start of this Twenty-First Century. The Preface from Deputy Assistant Attorney General William Kolasky, the United States Antitrust Division's chief spokesman on international competition issues, calls the book "excellent" and "an important contribution" and the principles "sound," suggesting that the International Competition Network begin "implementing principles for sound substantive antitrust enforcement of the kind Ky proposes".
Table of Contents
• Introduction: The Challenge of Proliferating Competition Laws.
• The Situation today: A broad look at Differences in Current Laws.
• History of Government attempts to combat restraints of Trade- an ancient effort with familiar tensions.
• What can we learn from history.
• Principles for crafting competition policy laws for the 21st Century