Wednesday, March 28, 2007

If it ain't broke, don't price-fix it.

Bush administration lawyers urged the Supreme Court on Monday to repeal the nearly 100 year old that bans manufacturers from fixing prices of their products.
The government argues that the price-fixing rule is too rigid and makes it more difficult for companies to market their products with special displays in stores.
The National Assoc. of Manufacturers and other business groups have joined the Bush Adm. in urging the court to pull back on enforcement of antitrust laws. The laws have been in effect since 1911.
Changing this law would allow companies to set minimum prices that stores could sell a product.
My first impression is that it can only cost me more money to buy the the things I buy now. I don't see any advantage at all for the buying public. I also don't see the role of the Federal Government promoting price fixing especially now that more and more companies are consolidating and being gobbled up by large multinationals. I also don't believe that it is the job of the Supreme Court to make or repeal laws. I was led to believe their responsibility was to determine whether the laws passed by Congress were constitutional or not. The separation of power between the Executive, Legislative, and Judicial branches seem to be disappearing almost as fast as our individual freedoms are.

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