President Donald Trump has an opportunity to follow in former President Teddy Roosevelt’s footsteps. Will Donald Trump follow TR’s lead?
I’ve just finished reading Columbia Law professor Tim Wu’s new book on antitrust, “The Curse of Bigness,” and my biggest takeaway is that President Donald Trump has an opportunity to follow in former President Teddy Roosevelt’s footsteps.
Roosevelt built a strong reputation by going after the trusts, huge combinations that placed control of entire industries in the hands of one or a few men. He broke up John D. Rockefeller’s Standard Oil, the Google of its day. He shut down J.P. Morgan’s Northern Securities Co., which would have monopolized rail transportation in much of the United States. And he pursued numerous other cases (45 in all) that broke up monopolies and returned competition to markets.