Happy birthday FDR: The Tipline for 30 January 2020
Franklin Delano Roosevelt, the 32nd US President, was born 138 years ago today in Hyde Park, New York. Democrats frequently refer to FDR when promising to offer more progressive policy. But they should be careful with their dates when referencing the antitrust enforcement record of the only US president to be elected to either a third or fourth term in the White House. FDR’s “First” New Deal was “characterised by a remarkable lack of enthusiasm” for competition enforcement, according to Herbert Hovenkamp. The University of Pennsylvania law professor describes a dramatic reversal during FDR’s second term after the president appointed Thurman Arnold to head the Department of Justice’s antitrust division: “No antitrust enforcement agency before or since has had such a strong conception of market failure, or faith in antitrust policy as the corrective.” Under the “Second” New Deal, the administration attacked vertical integration and alleged abuses of intellectual property rights.
To read more
Subscribe to Global Competition Review
Subscribe and start reading now
Global Competition Review (GCR) is a leading global provider of competition law, regulation and enforcement information, combining data, deep market insight and a user-centric platform to provide our clients with powerful legal solutions.
Already have access? Login below
Copyright © Law Business ResearchCompany Number: 03281866 VAT: GB 160 7529 10