“Education of judges, government officials, law professors, and journalists could dissolve antitrust. Understanding the nature of antitrust and its lack of factual foundation undermines its appeal. Education about antitrust history not generally known but not difficult to understand might make a difference. History shows that the breakup of Standard Oil accomplished nothing. It was `part of a moral conflict’. It was like preaching against sin without defining it. Corporate consolidation need not be feared. No amount of magic `market power’ can force buyers to buy. For anyone interested in developing intelligent public policy, these ideas are not difficult to absorb.
Should Microsoft be allowed to add a media player? Should GE be allowed to acquire Honeywell? Should IBM be broken up? Antitrust supplies a vocabulary to discuss these questions but does not provide answers, no matter how much help is obtained by economic theory. Antitrust judgements are subjective choices of the judge about public policy. Law students should be taught that antitrust is not law enforcement. Journalists and opinion makers should be encouraged to ask themselves, `Do we really need to fear that some greedy capitalist will monopolize sardine snacks or mashed fruits and vegetables?’ The public should be told what is going on, that antitrust decisions are political decisions misleadingly portrayed as law and economics. Those in a position to do so should force more discussion of such questions as, `Can salaried government officials in Washington make better decisions about how many distributors of office supplies there should be in, say, Wheeling, West Virginia, than people whose capital is at stake?’ Although today’s antitrust community is alive and well, antitrust is atrophying. It is becoming a relic, an anachronism, the irrelevant debris of past political demagoguery. Education in the antitrust facts of life could accelerate the process.”
The Antitrust Religion, Edwin S. Rockefeller, page 103.
Well, as we can see in the case of Google, the antitrust movement still has legs today.