WE have antitrust laws because “possession of unchallenged economic power deadens initiative, discourages thrift and depresses energy; that immunity from competition is a narcotic, and rivalry is a stimulant to industrial progress; that the spur of constant stress is necessary to counteract an inevitable disposition to let well enough alone.” - Judge Learned Hand.
I was reminded of this passage when I received a text on the “home-going” of Cefie Padua, 90, famed for his LAMP, Lawyers Against Monopoly and Poverty. As a Con-Con Delegate in 1971-72, he was among the Marcos Ban proponents, which martial law sank. We had to endure Macoy until 1986.
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