Crony Capitalism and Antitrust

This flexibility in legal standards is attractive to testifying experts, lobbyists, and antitrust counsel who “know” and “can work” with the FTC and the DOJ to get the merger through. It is far from desirable for corporate executives who need to know what is legal or illegal, as well as customers and competitors who need to know what is reasonable and unreasonable competitive behavior.

So the recent antitrust activity is refreshing. But what