On the record
The true justification for the American anti-monopoly statutes, including the Sherman anti-trust law, lies not so much in the realm of economics as in that of morals.
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gutenberg.orgJames Beck: “The true justification for the American anti-monopoly statutes, including the Sherman anti-trust law, lies not so much…”
Editor's note · Context
Beck defends anti-monopoly laws as fundamentally moral rather than merely economic.
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Under the American Constitution, they are part of the fundamental law, and, as such, enforceable by judges sworn to defend the integrity of the individual as fully as the integrity of the State.
It did not believe that the State was omnipotent or infallible, and yet it proclaimed its authority within wise and just limits.
We must defend the right to work against those who would either destroy or degrade it.
Its protection should be given to those of superior skill and diligence, who ask the due rewards of such superiority.
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