Government Punts to Business

Spontaneous deregulation is happening as politicians turn to the public to fix the lockdown mess.

Potomac Watch: Congress has found its own neat and plausible answer to the Covid-19 pandemic: spend, spend some more. Thankfully, a few elected leaders are starting to realize it’s wrong. Image: Win McNamee/Getty Images

A series of European and U.S. cartel prosecutions in the 1990s provided fodder for a question that engaged this column in more languorous times: When do executives find it irresistible to engage in illegal price fixing?

香蕉视频苹果下载The answer that leapt out is suddenly relevant to our coronavirus shutdown: In almost every case, the urge to collude arose from a desire to maintain industrial capacity that had become temporarily uneconomic.