worst : SHOULD PRICE-FIXING BE ALLOWED? [+] ballot by skylab ACTIVE Thu Jun 28, 07 - Fri Jun 27, 08 The U. S. Supreme Court struck down a 96-year old precedent that prevented price-fixing, and decided that it is no longer automatically unlawful for manufacturers and distributors to agree on setting minimum retail prices. They said that a case-by-case (rule of reason) approach should be used instead of considering every violation to be illegal under the Sherman Antitrust Act. Four dissenting justices agreed with the submission of 37 states and consumer groups that the abandonment of the old rule would lead to significantly higher prices and less competition for consumer and other goods. The Bush administration, along with economists of the Chicago school, had argued that the blanket prohibition against resale price maintenance agreements was archaic and counterproductive because, they said, some resale price agreements actually promote competition. The case involved an appeal of a judgment of $1.2 million against Leegin Creative Leather Products Inc. after it cut off Kay’s Kloset, a suburban Dallas shop, for refusing to honor Leegin’s no-discount policy. So should price fixing be allowed, almost a century after it was banned? Yes, trust corporations No, protect consumers Doesn't matter, as long as there is a competitive market Ballot #115910 : SEE RESULTS Comment: show your vote with comment?

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