“Break ‘em up with antitrust” is a popular and surging political drumbeat. This essay argues for a closer look at history and experience. They show that breakups of integrated single firm monopolies (which were not the product of mergers) have been rare and difficult. The essay takes a special look at the breakup of Ma Bell — a restructuring that needed to happen — recalling that even this rare success took a decade after the trial to implement.
By Eleanor M. Fox & Donald I. Baker
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