ELEPHANTS among the chickens Available to Purchase

‘The relative failure of the antitrust laws proves yet again that legislation is only as strong as the will that enforces it. Since the end of the New Deal it has made little difference to antitrust enforcement whether the Republicans or the Democrats held the White House. Republicans are considered pro‐business and cannot afford to be too soft on mergers; Democrats are considered to be hostile to business, and cannot afford to confirm this impression by being too harsh.’