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His work attacking monopolies and interlocking directorates influenced the passage in 1914 of the Clayton Anti-Trust Act and the Federal Trade Commission Act, which strengthened the government's antitrust power.
This is happening elsewhere where the US has employed its soft antitrust power, relying on its deep fount of sound economic analysis.
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Prosecution under the federal antitrust powers ended the AP's restrictive practices.
And the European Commission is having some success in forcing firms to "unbundle" using antitrust powers.
The European Commission's antitrust powers include levying fines of as much as 10 percent of a firm's global annual sales, though fines are typically much lower.
Since the DoT seems unlikely to do that, Congress should hand its remaining antitrust powers to the more pro-competition DoJ.
International commerce increasingly uses American law and even its courts to govern deals, and America's Justice Department (like the European Commission) applies its antitrust powers well beyond its own borders.
In practice, this would mean that the Justice Department would have to adopt a broader definition of its antitrust powers, beyond its typical emphasis on competition's effect on prices.
Mr Lynn believes that some form of regulation is needed to help eliminate risks: for instance antitrust powers to ensure no global firm controls more than a quarter of the American market; and requirements to double- or triple-source components.
Colette Lewiner of Capgemini, a consultancy, predicts a compromise, such as full unbundling of electricity grids and arm's-length ownership of gas networks.But Ms Kroes is determined to push for a truly free market by using her department's antitrust powers.
He does not intend to break them up, but wants to strengthen antitrust powers and to stop them from muscling into new territory where they jeopardise small businesses, such as bakeries.Mr Ahn, who founded South Korea's biggest antivirus software firm, accuses the chaebol of snaffling up innovative small businesses which then stagnate inside the conglomerates.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com