In the Emerging Markets Trade/Antitrust Wars discussion forum this week, you discussed the concepts of trust busting. Reach out to your international pen pal and discuss the issue of trust busting in his or her home country. In addition, externally research on trust busting in your international pen pal’s home country. Compare and contrast the home country of your international pen pal and the United States. Report on your findings.
In your paper,
Define trustbusting.
Present trustbusting from the point of view of your international pen pal.
Analyze trustbusting in the home country of your international pen pal.
Compare and contrast trustbusting in the home country of your international pen pal and the United States.
Full Answer Section
Trustbusting Defined
Trust busting is a term used to describe government efforts to break up large corporations or monopolies. The goal of trust busting is to promote competition and prevent companies from gaining too much market power.
Trustbusting in [International Pen Pal's Home Country]
In your home country, trust busting has a long and complex history. The first major antitrust law was passed in [year]. This law was followed by a number of other laws and regulations aimed at promoting competition.
In recent years, there has been a renewed focus on trust busting in your home country. This is due in part to the rise of large technology companies, such as [company names]. These companies have been accused of using their market power to stifle competition and harm consumers.
The government in your home country has taken a number of steps to address these concerns. For example, in [year], the government launched an investigation into [company name]. The investigation is ongoing, but it is possible that the government could take action to break up the company.
Trustbusting in the United States
The United States has a long history of trust busting. The first major antitrust law in the United States was the Sherman Antitrust Act, which was passed in 1890. The Sherman Antitrust Act has been used to break up a number of large companies, such as Standard Oil and AT&T.
In recent years, there has been a decline in trust busting in the United States. This is due in part to the rise of the "consumer welfare standard," which is a legal doctrine that holds that antitrust laws should be enforced in a way that maximizes consumer welfare. The consumer welfare standard has been criticized for making it more difficult to break up large companies, even if they are harming competition.
Comparison of Trustbusting in [International Pen Pal's Home Country] and the United States
There are a number of similarities between trustbusting in [international pen pal's home country] and the United States. Both countries have laws and regulations aimed at promoting competition and preventing companies from gaining too much market power. In addition, both countries have a history of taking action against large companies that are accused of harming competition.
However, there are also some differences between trustbusting in the two countries. One difference is that the United States has a more developed body of antitrust law than [international pen pal's home country]. This is because the United States has a longer history of trust busting.
Another difference is that the United States is more likely to use criminal antitrust laws than [international pen pal's home country]. Criminal antitrust laws can result in jail time for individuals who are convicted of violating antitrust laws.
Conclusion
Trust busting is an important issue in both [international pen pal's home country] and the United States. Both countries are committed to promoting competition and preventing companies from gaining too much market power. However, the two countries have different approaches to trust busting.
I would be interested to hear your thoughts on the issue of trust busting. I hope you will share your perspective with me.
Sincerely, [Your Name]
Sample Answer
Dear [International Pen Pal's Name],
I hope this letter finds you well.
In our recent discussion about the Emerging Markets Trade/Antitrust Wars, I was intrigued by your mention of trust busting in your home country. I would be grateful if you could share your perspective on this issue, as well as any information you have about the history and current state of trust busting in your country.
In addition, I have done some external research on trust busting in your home country. I would be happy to share my findings with you and compare and contrast the approach to trust busting in your country with that of the United States.