AVOIDING A PIE IN THE FACE

ABSTRACT

Antitrust law has been here before. About fifty-five years ago, inflation was just beginning to creep up. Political and labor unrest characterized a national dissatisfaction with the status quo. And antitrust enforcers were pressing the law to its edges--and winning. These were just a few of the ingredients that would change US politics over the next two decades. Here, Walter offers a word of caution tread carefully. To the extent that reformers still want to address concentrated labor markets through antitrust law, they should proceed mindful of reform's fragile political support and potential backlash.