Saturday, May 21, 2011

In Fast Food Nation, Eric Schlosser describes the word “trustbusters”(Pg 137). It is a method that was used to investigate companies under suspicion of creating a monopoly, which allowed them the potential of gaining great, independent, economic control over a market. In 1980 the Sherman Antitrust Act was signed into law. It was created to deal with issues in the meatpacking industry in where companies were able to manipulate the price in the industry. Prior to the Antitrust Act companies controlled the prices they paid from purchasing the livestock from ranchers. The control that they had over the industry also allowed for them to control the prices they set on their products, which then left the consumer paying excessive amounts. Because of the Sherman Antitrust Act prices are now regulated and the companies cannot exaggeratedly overprice their products.  

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