Antitrust and Global Capitalism, 1930–2004

This book describes how the international spread of antitrust suggested the historical process shaping global capitalism.

Tony A. Freyer (Author)

9780521747271, Cambridge University Press

Paperback, published 19 January 2009

452 pages
22.9 x 15.2 x 2.3 cm, 0.6 kg

"This thoughtful, important volume should be compulsory reading for everyone who is interested in history of the world economy. Within the vast and growing literature on globalization, Freye makes a unique and highly original contribution." -Mira Wilkins, Journal of Interdisciplinary History

The international spread of antitrust suggested the historical process shaping global capitalism. By the 1930s, Americans feared that big business exceeded the government's capacity to impose accountability, engendering the most aggressive antitrust campaign in history. Meanwhile, big business had emerged to varying degrees in liberal Britain, Australia and France, Nazi Germany, and militarist Japan. These same nations nonetheless expressly rejected American-style antitrust as unsuited to their cultures and institutions. After World War II, however, governments in these nations - as well as the European Community - adopted workable antitrust regimes. By the millennium antitrust was instrumental to the clash between state sovereignty and globalization. What ideological and institutional factors explain the global change from opposing to supporting antitrust? Addressing this question, this book throws new light on the struggle over liberal capitalism during the Great Depression and World War II, the postwar Allied occupations of Japan and Germany, the reaction against American big-business hegemony during the Cold War, and the clash over globalization and the WTO.

Acknowledgments
Introduction
1. Reconstituting American antitrust, 1937–45
2. Protectionism over competition: Europe, Australia, and Japan, 1930–45
3. Praxis in America since 1945
4. Japanese antitrust since 1945
5. Antitrust in post-war European social-welfare capitalism
6. Antitrust resurgence and social-welfare capitalism in post-war Australia
Conclusion.

Subject Areas: Legal history [LAZ], Economic history [KCZ], 20th century history: c 1900 to c 2000 [HBLW], History of the Americas [HBJK]