The Impacts of the 1890 U.S. Antitrust Policy and the Current Indonesia Competition Law

DOI

10.2991/assehr.k.211203.103How to use a DOI?

Keywords

Antitrust; American Legal Culture; Business Law; Free Competition; Indonesian Legal Culture

Abstract

This paper analyzes the impacts of the 1890 U.S. antitrust policy and the current Indonesian competition law. In conducting the study, this paper uses normative law. In the course of business law in the U.S., precisely after the civil war ended, the U.S. upholds the principle of free competition that provides open space for individual creativity to be recognized. However, free competition brings negative impacts on competition. At the peak of the competition, there will be only a few winners, which economists say will undermine the principle of free competition when the winners agree to set prices. The rise of trust policies in the U.S. indicates a damaging business culture. Some labor organizations have protested against the trust policy and state that it issue the antitrust policy in its regulations. Senator John Sherman is a figure who championed antitrust rules into federal law. Meanwhile, in Indonesia, the establishment of the antitrust policy started in 1970, which was later passed into law in 1999. The policy aims to protect business competition in Indonesia and create healthy business competition.

Copyright

© 2021 The Authors. Published by Atlantis Press SARL.

Open Access

This is an open access article under the CC BY-NC license.

Download article (PDF)

TY  - CONF
AU  - Slamet Riyadi
AU  - Darmadi Durianto
PY  - 2021
DA  - 2021/12/03
TI  - The Impacts of the 1890 U.S. Antitrust Policy and the Current Indonesia Competition Law
BT  - Proceedings of the 2nd International Conference on Business Law and Local Wisdom in Tourism (ICBLT 2021)
PB  - Atlantis Press
SP  - 475
EP  - 478
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.211203.103
DO  - 10.2991/assehr.k.211203.103
ID  - Riyadi2021
ER  -