DePaul Law Review
The recent negotiations establishing the World Trade Organiza- tion ("WTO") are the latest of a series which have progressively lowered trade barriers since the end of World War 11.1 As trade barriers have been lowered, trade has increased, moving the world inexorably towards the free-trade ideal where goods and services move in response to demand.' This, of course, is the most efficient allocation of the world's resources, and has the effect of maximizing the world's wealth.' Within the United States, the recognized role of the antitrust laws is to ensure that the market is free to allocate resources in response to demand." When the market performs the resource allocation function free from restraints imposed by private parties, then resources are allocated efficiently and aggregate na- tional wealth is maximized.3
Daniel J. Gifford, Antitrust and Trade Issues: Similarities, Differences, and Relationships, 44 DePaul L. Rev. 1049 (1995), available at https://scholarship.law.umn.edu/faculty_articles/318.