Antitrust law alone was seen as insufficient against corporate concentration of power.

Evidence

Interestingly, Director asserted that antitrust laws were “mere stopgap measures.” Radical corporate reform also needed to be undertaken. He maintained that classical liberalism failed to adequately address the scope of power of corporations and trade unions. … The unlimited power of corporations must be removed. Excessive size can be challenged through the prohibition of corporate ownership of other corporations, through the elimination of interlocking directorates, through a limitation of the scope of activity of corporations, through increased control of enterprise by property owners and perhaps too through a direct limitation of the size of corporate enterprise. — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 1093

Categorization

• QUESTION: Director’s call for direct limitations on corporate size is startlingly radical given later Chicago School hostility to regulation — worth chasing how this position evolved.
• XREF: connects to: Rule-of-reason antitrust adjudication is so arbitrary it rarely catches monopolists. — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 1194

Broader Connections

• Rule-of-reason antitrust adjudication is so arbitrary it rarely catches monopolists. #corroborates (0.80) — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 1194