MONOPOLIESWe condemn all coercive monopolies. We recognize that government is the source of monopoly, through its grants of legal privilege to special interests in the economy. In order to abolish monopolies, we advocate a strict separation of business and State.
"Anti-trust" laws do not prevent monopoly, but foster it by limiting competition. We therefore call for the repeal of all "anti-trust" laws, including the Robinson-Patman Act which restricts price discounts, the Sherman Anti-Trust Act, and the Clayton Anti-Trust Act. We further call for the abolition of the Federal Trade Commission and the anti-trust division of the Department of Justice.
We defend the right of individuals to form corporations, cooperatives, and other types of companies based on voluntary association. Laws of incorporation should not include grants of monopoly privilege. In particular, we oppose special limits on the liability of corporations for damages caused in noncontractual 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.