ANTITRUST laws are for the protection of communities and consumers within the free market economies. The threat arise whenever groups, associations, businesses, competitors and alike gather to set forth their own standards. Standards with the intent to monopolize, bid-rigging and alike predatory actions. In the United States of America (USA) there are antitrust statutes to protect consumers from predatory and monopolistic business practices. The Federal Trade Commission (FTC) ensures that fair competition exist and prevail, and to stop businesses from establishing controls that benefit special interests (one person or single group).
Where does this protective practices come from? At the onset of the 20th century associations, groups and alike try taking advantage by setting their own rules and regulation by blocking competition and for monopolization of business sectors. The case of FORD vs. ALAM (Association of Licensed Automobile Manufacturers). ALAM monopolized the automobile industry adversely impacting consumers, closing a specific level of consumer class out of acquiring a means of motorized transportation. By controlling the automobile market by paying high fees through a mandate for allowing the manufacture of automobiles. In summary, Henry Ford won his case against ALAM monopolization based-predatory practice in Federal court, and the rest is history. However, it doesn’t stop others across time onto today new millennium to monopolize market sectors. Henceforth early 20th century, monopolistic practices have been masquerading in many ways. To combat this ailment in the USA, shortly after FORD vs. ALAM Federal court victory by FORD the FTC (Federal Trade Commission) came to be, in 1914 - see their logo and link in this page to the right >>>>
And since the term Monopolies is the term most associated with antitrust. A common tactic is to set forth anticompetitive | monopolizing actions by forcing a single services source within the free market. These may show as multiple choices yet there is regardless one-single source.
There are other other schemes associated to antitrust, among these is “Market Allocation” is devised by two or more entities to keep business activities under their control including expanding worldwide; also within the realm of monopolization. Another illegal activity is refer to “bid rigging” (also known as bid suppression, complementary bidding, and bid rotation). This is an illegal practice when two or more parties collude to win a contract is often refer to bid-rigging.
In the USA these practice are a felony as the goal is to prevent competition.
At their core, the antitrust provisions are designed to protect and maximize consumer protection. Supporters of the Sherman Act, the Federal Trade Commission Act and the Clayton Antitrust Act argue that since their inception, these antitrust laws have protected competitors against market manipulation stemming from corporate greed. Through combining both civil and criminal enforcement predatory practices, antitrust laws, seek to stop price and bid rigging, monopolization, and anticompetitive mergers and acquisitions. However, this does not stop those taking advantage of the market place based free-market onto consumers utilizing tactics as indoctrination, self-interest fiat or even self-indulgence desires. Our main concern is in monopolization of the third-party business sector created by antitrust in protection of communities and consumers.