COFFEE BREAK 421

+ Robert Reich offers “Antitrust in the New Gilded Age”. Excerpt: “In 1890, when Republican Senator John Sherman of Ohio urged his congressional colleagues to act against the centralized industrial powers that threatened America, he did not distinguish between economic and political power because they were one and the same. The field of economics was then called ‘political economy,’ and inordinate power could undermine both. ‘If we will not endure a king as a political power,’ Sherman thundered, ‘we should not endure a king over the production, transportation, and sale of any of the necessaries of life.’”