Further to James G Bridgeman’s letter (July 3): true, the 1890 Antitrust Act doesn’t refer in terms to politics. Nor though does it mention “consumer welfare”, which for some years has been taken as the act’s true intent. But Rana Foroohar is spot on ( Comment, June 25) when she says that Sherman was focused on the welfare of citizens rather than consumers. And his famous speech launching the legislation was explicit about the politics: “If we will not endure a king as a political power we should not endure a king over the production, transportation, and sale of any of the necessaries of life.”

Alec Burnside
Partner,
Dechert LLP,
Brussels, Belgium

Get alerts on Letter when a new story is published

Copyright The Financial Times Limited 2019. All rights reserved.
Reuse this content (opens in new window)