Monopolies
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The LP Platform Currently Reads
The Issue: We recognize that government
is the source of monopoly, through its grants of legal privilege to special
interests in the economy.
The Principle: Anti-trust laws do not prevent
monopoly, but foster it by limiting competition. We defend the right of
individuals to form corporations, cooperatives and other types of companies
based on voluntary association.
Solutions: We condemn all coercive monopolies.
In order to abolish them, we advocate a strict separation of business and
State. Laws of incorporation should not include grants of monopoly privilege.
In particular, we would eliminate special limits on the liability of corporations
for damages caused in non-contractual transactions. We also oppose state
or federal limits on the size of private companies and on the right of companies
to merge. We further oppose efforts, in the name of social responsibility
or any other reason, to expand federal chartering of corporations into a
pretext for government control of business.
Transitional
Solutions: We call for the repeal of all anti-trust laws, including the
Robinson-Patman Act, which restricts price discounts, and the Sherman and
Clayton Anti-Trust acts. We further call for the abolition of both the Federal
Trade Commission and the anti-trust division of the Department of Justice.
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