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Old 2nd December 2011
Lives for gear
AwwDeOhh's Avatar

I'm still not sure what the 'Patriot Act' has to do with the proposed legislation. You keep coming back to that..

Let me pose a question to you:
What are your thoughts on the AntiTrust Laws? (also known as 'Competition Law')
Competition law - Wikipedia, the free encyclopedia
Modern competition law has historically evolved on a country level to promote and maintain competition in markets principally within the territorial boundaries of nation-states. National competition law usually does not cover activity beyond territorial borders unless it has significant effects at nation-state level.[1] Countries may allow for extraterritorial jurisdiction in competition cases based on so-called effects doctrine.[1][2] The protection of international competition is governed by international competition agreements
Competition law, or antitrust law, has three main elements:
  • prohibiting agreements or practices that restrict free trading and competition between business. This includes in particular the repression of free trade caused by cartels.
  • banning abusive behavior by a firm dominating a market, or anti-competitive practices that tend to lead to such a dominant position. Practices controlled in this way may include predatory pricing, tying, price gouging, refusal to deal, and many others.
  • supervising the mergers and acquisitions of large corporations, including some joint ventures. Transactions that are considered to threaten the competitive process can be prohibited altogether, or approved subject to "remedies" such as an obligation to divest part of the merged business or to offer licenses or access to facilities to enable other businesses to continue competing.
Do you or do you not believe that government should help to maintain a fair playing field for markets, when the free market doesn't provide its' own solution?
And wouldn't this bill be in the same vein of thought as AntiTrust Law?