Merger guidelines
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The Merger guidelines is a report published by the Reagan administration on June 10, 1982 that redefined U.S economic policy. This report made two major changes. The first was that it weakened the anti-trust laws, making gouging consumers the only major offense. The second was that the U.S economy was declared global in how it operated.
By effectively weakening the anti-trust laws, the Reagan administration allowed companies to grow horizontally; in other words, to control large market shares in multiple product markets. Before the Merger Guidelines were published, companies could be penalized and/or broken up for violating the anti-trust laws.
- Lynn, Barry C. "Breaking the Chain." Harper's Magazine 313 (2006): 29-36.