"For Republican Sen. John Sherman of Ohio, chief sponsor of the Sherman Antitrust Act of 1890, the power of trusts amounted to ‘a kingly prerogative, inconsistent with our form of government." Sherman reasoned that "if we will not endure a king as a political power, we should not endure a king over the production, transportation and sale of any of the necesaries of life.’"

(From R. Reich, "Danger of corporate giants isn’t economic", 1998)