trustbusting
Breaking corporate giants
Trustbusting is government action to break up monopolies and large corporate combinations that restrict competition.
The term dates to the early twentieth century, when U.S. presidents like Theodore Roosevelt pursued antitrust lawsuits against powerful industrial trusts: Roosevelt earned his reputation as a trustbuster by taking on Standard Oil.
The word still appears in discussions of corporate regulation and market concentration.
Federal antitrust statute
- enforcementCompelling compliance with rules
- litigationLegal dispute process
- prosecutionPursuing legal charges
- injunctionCourt-ordered behavioral requirement
consent decree · divestiture · dissolution · breakup · class action · legal action · jurisprudence · penalties
Historic petroleum monopoly
- robber baronUnscrupulous wealthy industrialist
- RooseveltFamous presidential surname
- RockefellerIndustrial dynasty surname
- Theodore RooseveltTwenty-sixth American president
Progressive Era · muckraker · Ida Tarbell · J.P. Morgan · monopolist · reform movement · gilded age · populism
One seller, no substitutes
- oligopolyFew firms dominate market
- cartelPrice-fixing coalition
- market dominanceControl over a sector
- price fixingIllegal coordinated rate-setting
competition · consumer protection · economic fairness · market concentration · barriers to entry · predatory pricing · vertical integration · market share
Agency overseeing marketplace fairness
- Department of JusticeFederal legal enforcement agency
- regulatorDevice maintaining steady output
- oversightSupervision or inadvertent omission
- investigationFormal examination of facts
approval · transparency · accountability · watchdog · commissioner · subpoena · public interest · agency
Clayton Act
Federal antitrust statute
- enforcementCompelling compliance with rules
- litigationLegal dispute process
- prosecutionPursuing legal charges
injunction · consent decree · divestiture · dissolution · breakup · class action · legal action · jurisprudence · penalties · compliance
Standard Oil
Historic petroleum monopoly
- robber baronUnscrupulous wealthy industrialist
- RooseveltFamous presidential surname
- RockefellerIndustrial dynasty surname
Theodore Roosevelt · Progressive Era · muckraker · Ida Tarbell · J.P. Morgan · monopolist · reform movement · gilded age · populism
monopoly
One seller, no substitutes
- oligopolyFew firms dominate market
- cartelPrice-fixing coalition
- market dominanceControl over a sector
price fixing · competition · consumer protection · economic fairness · market concentration · barriers to entry · predatory pricing · vertical integration · market share · price gouging
Federal Trade Commission
Agency overseeing marketplace fairness
- Department of JusticeFederal legal enforcement agency
- regulatorDevice maintaining steady output
- oversightSupervision or inadvertent omission
investigation · approval · transparency · accountability · watchdog · commissioner · subpoena · public interest · agency · scrutiny
- antitrustprice fixing, cartel, collusion, monopoly, price-fixing
trustbustingmonopolization
Gaining exclusive market control
corporate consolidation · market concentration · cartelization · laissez-faire · deregulation
trustbustingcrony capitalism
Economy favoring the connected
protectionism · corporatism · price-fixing · collusion · restraint of trade
trustbustinglaissez-faire
Noninterference in commerce
deregulation · crony capitalism · corporate welfare · non-intervention
trust, bust, trusting, trusted, distrust, distrustful, trusts, distrusting, distrustfully