Proceedings of the 2nd International Conference on Business Law and Local Wisdom in Tourism (ICBLT 2021)

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

Authors
Slamet Riyadi1, *, Darmadi Durianto2
1,2Faculty of Law Universitas Borobudur Jakarta
*Corresponding author. Email: slameetriyadi24@gmail.com
Corresponding Author
Slamet Riyadi
Available Online 3 December 2021.
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.

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Volume Title
Proceedings of the 2nd International Conference on Business Law and Local Wisdom in Tourism (ICBLT 2021)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
3 December 2021
ISBN
978-94-6239-476-6
ISSN
2352-5398
DOI
10.2991/assehr.k.211203.103How to use a DOI?
Copyright
© 2021 The Authors. Published by Atlantis Press SARL.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

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  -