The US used to have fairly strong antitrust enforcement.
Here is an excerpt from [0].
"To get a flavor of how thoroughly the federal government managed competition throughout the economy in the 1960s, consider the case of Brown Shoe Co., Inc. v. United States, in which the Supreme Court blocked a merger that would have given a single distributor a mere 2 percent share of the national shoe market."
Here is an excerpt from [0].
"To get a flavor of how thoroughly the federal government managed competition throughout the economy in the 1960s, consider the case of Brown Shoe Co., Inc. v. United States, in which the Supreme Court blocked a merger that would have given a single distributor a mere 2 percent share of the national shoe market."
[0] http://washingtonmonthly.com/magazine/novdec-2015/bloom-and-...