Some Thoughts on Antitrust Policy and the Antitrust Community

In this article, ProfessorLevy uses a recent book recom- mending extensive changes in the antitrust laws as a springboardfor discussion of one of the most complex and difficult problems of antitrustadministration:the lack of competition in the concentrated, or oligopolistic,in- dustries. The author suggests that reform through legis- lation is probably impossible because of the current cli- mate of opinion and the effectiveness of numerous anti- trust hucksters -laivyers and businessmen who fre- quently sacrifice accuracy and objectivity in pursuing re- sults they favor. ProfessorLevy suggests a new interpre- tation of the present Sherman Act to avoid the difficul- ties of legislative modification.His recommendation would make it possible to reduce concentration, and thus as- sure more competition, in many important industries