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The issue of competition and monopoly is fundamental to the development of legal machinery for the effective and progressive control of the national economy. Competition is not a cure-all for our economic ills. But measures to increase the degree of competition in the organization of economic life are important items in the tool-bag of techniques with which we can reasonably hope to control our economic destiny. The amount of competition we achieve in industrial organization will have a good deal to do with our success in reaching the basic goals of the Employment Act of 1946—high and sustained levels of productive employment in a free society.

The organization of industry and commerce is a matter of central consequence to national policy in at least four basic particulars.

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