Antitrust Laws Fail to Protect American Consumers from Foreign Monopolies
The article discusses how American antitrust laws apply to anti-competitive behavior outside the country. It explains the history of these laws and the Foreign Trade Antitrust Improvements Act (FTAI), which limits their reach. The FTAI excludes certain conduct from the antitrust laws but has been interpreted too broadly by courts, leading to less protection for American competitors and consumers. The article argues that these court decisions are incorrect and calls for a change in interpretation or legislation.