This chapter examines the decline of the antitrust movement in the United States. It analyzes Richard Hofstadter's What Happened to the Antitrust Movement? that concerns the disappearance of the movement just as it attained greater power as a regulator of industry structure and conduct. It considers the two arguments that Hofstadter believed to had happened that led to the decline: businesses had fit much more comfortably into the landscape of public opinion, and antitrust became much more technical and began to speak the language of economists.
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