Competition and the Importance of Anti-Trust Laws for Americans
Competition and Anti-Trust

Three of examples of monopoly behaviors that impact consumers.


Editors note: This is part one of a two part series that examines the renewed academic interest in anti-trust. This first article focuses on the traditional anti-trust issue of price increases by large companies that control competition at the expense of consumers. Periodically Latin Business Today shares topical views by its contributors, this piece soley represents the view of the author.

Does American public policy need to again adopt the Robber Baron Era’s anti-trust actions to protect consumers, entrepreneurship, our economy and environment?

That question is now surfacing in economic and legal academia. It is being driven by growing evidence that large companies are increasing prices because they have market power over consumers.

How To Define Monopoly or Oligopoly Business Behavior

Monopoly and oligopoly behavior was defined during the Robber Baron Era by the evidence of a company, or a collusion of companies, using their size to economically harm consumers, suppliers and competition.

Ask today’s consumers if they see any such evidence of monopoly or oligopoly behavior and they are likely to sight these three of examples:

Bank Fees.

All the big banks have increased their number of fees and fee amounts over the last several years. Overdraft fees now account for over 8% of the banking industry’s revenues. ATM fees for withdrawals from a non-customer bank have increased every year for the last ten years. Is it just a coincidence that there is no regulation over ATM fees?  

Baggage Fees.

First there were no baggage fees. Then one airline instituted baggage fees and now all airlines but one have baggage fees. Just recently an airline raised their baggage fee and within 24-48 hours most other airlines followed suit. Are airlines colluding to raise baggage fees? Are they using additional fees to increase ticket pricing complexity for consumers seeking to buy the lowest fare? 

Generic Drug Price Increases.

It appears that almost weekly we read about yet another dramatically large generic drug price increase. The most egregious price increases have been 4 to 10 times higher for drugs that have been made in the same factory for years if not decades. A recent survey of medical professionals reported that 75% point to industry consolidations as a driving factor that is limiting drug pricing competition and raising drug prices

These types of price increases have stirred legal and economic academia to question why existing anti-trust laws are not being enforced when there appears to be evidence of monopolistic or oligopolistic pricing behaviors?

This question, plus the potential for mega-sized digital platforms like Amazon to manipulate consumer decision making, is the focus for the second part of this article series on the importance of anti-trust to Americans.

Part two of this two part series will explore new territory for anti-trust investigations and whether the disproportionally large scale of corporate lobbying is achieving market powers that enables unfair price increases. 

And it will explore a new 21st century anti-trust question over mega-sized digital platforms like Amazon’s are being used to unfairly bias consumer decision making.

Related articles:

4 Tips for Pursuing a Lemon Law Claim

What Does a “Free” Offer In Advertising Really Cost? 

Cross Border Business- Counting All Costs of Offshore Manufacturing


Inflation’s Impact on Small Businesses In an Uncertain Economy

Inflation’s Impact on Small Businesses In an Uncertain Economy

Five ways to address operational changes All businesses are affected by an uncertain economy. Increases are only positive when they impact the bottom line. Small and medium size businesses often do not have the staying power to survive when one or more of the factors...

Why You Should Always Be Anticipating Change

Why You Should Always Be Anticipating Change

Here are four ideas to consider when you want to begin embracing an open-to-change mindset. As frequently as people report they want change, it’s more likely they find comfort in the status quo. This is true in both times of stability and times of turbulence, when...

Balancing Wanderlust and a Healthy Routine

Balancing Wanderlust and a Healthy Routine

The ever-changing world of business, yoga teaching and beyond In the serene corners of the world, I've found my calling as a yoga teacher, leading teacher training programs and guiding soul-enriching yoga and adventure retreats. This path has been one filled with...

Video Gallery


Sign Up for the Latin Biz Today Newsletter

PR Newswire

Featured Authors






My Unusual Path to Launch a New Business

My Unusual Path to Launch a New Business

Understanding the value of stepping away from a large corporation to build my Hispanic business This is my entrepreneurial story. Like many Hispanic businesspeople Fortune 500 companies are great to work with until they interfere with your core values. That's the...

Latin Biz Today Salutes Our Veterans

Latin Biz Today Salutes Our Veterans

Many Hispanic veterans played a vital role in protecting democracy and keeping our nation safe Today we honor veterans and active duty military personnel for their sacrifices and contributions to keeping the world safe. Here are several examples of Hispanic veterans...






Work, Life & Culture


Health & Fitness

Travel & Destinations

Personal Blogs

Pin It on Pinterest