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Antitrust And Democracy: A Case Study From German Fascism, Daniel A. Crane
Antitrust And Democracy: A Case Study From German Fascism, Daniel A. Crane
Law & Economics Working Papers
In the recent political discourse around antitrust reform, prominent voices from across the political spectrum have asserted that excessive economic concentration imperils democracy. This theme has been raised periodically over the course of U.S. history, perhaps most forcibly after the Second World War when the framers of the Celler-Kefauver Act argued that industrial concentration in Germany enabled the rise of Nazism. This paper examines the relationship between Nazism and monopoly through a case study of the I.G. Farben chemical cartel. In analyzing Farben's role as Hitler's facilitator, this paper asks three questions: (1) How did industrial concentration give rise to …