from The American Heritage® Dictionary of the English Language, 4th Edition
- n. One that seeks to prosecute or dissolve business trusts.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. A person or entity responsible for breaking up trusts or monopolies.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. a federal agent who engages in trust busting
By changing the rules of the game of business so that sociopathic business behavior is no longer rewarded (and, indeed, is punished -- as Teddy Roosevelt famously did as the "trustbuster" and FDR did when he threatened to send "war profiteers" to jail), we can create a less dysfunctional and more egalitarian society.
He earned the nickname "trustbuster" for reining in monopolies, and passed the first income tax into law.
He fought party bosses, sued to break up railroad trusts, was the "trustbuster" who launched 44 lawsuits against major corporations, gave the Interstate Commerce Commission the power to set rates, and led the fight to eliminate corporate election campaign contributions.
But I'm feeling like this was a very good morning for the President: Romney is still the likely winner of the nomination, but his fight against Rick Santorum will be tougher than anyone is currently predicting and will open up deep divisions in the Republican party; and Romney is the perfect opponent for a President now emulating anti-Wall Street trustbuster Teddy Roosevelt.
It's also a Republican insight, thanks to the interventionist policies of great Republican presidents like Lincoln "give us a protective tariff and we will have the greatest country on earth" and Teddy "the trustbuster" Roosevelt.
Of course, there are also common features to all trust building--performing well in some services raises trust more than in others (health provision has higher returns than market regulation, for example); expectations are ratcheted up (what you achieved yesterday becomes today's baseline); confidence can be quickly squandered (any suspicion of gaming evaluations is a trustbuster); and a sense of generational betterment gathers support (we appreciate a state that opens opportunities for our children).
The Brandeisians named for that old Progressive trustbuster, Louis Brandeis argue that no such "partnership" really exists.
It looks like we have gone from the age of the trustbuster to the era of the ghost buster as fiction once again turns into "faction."
For instance, despite his “trustbuster” title, he claimed that it was better to work with the trusts through friendly regulation.
The latest demonstration comes from Europe's bustling trustbuster, Neelie Kroes.
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