Sure, our headline might be a bit of an exaggeration, but the Supreme Court really did make a decision that will result in higher prices for consumer goods (including CDs): Justices End 96-Year-Old Ban on Price Floors:
The court struck down the 96-year-old rule that resale price maintenance agreements were an automatic, or per se, violation of the Sherman Antitrust Act. In its place, the court instructed judges considering such agreements for possible antitrust violations to apply a case-by-case approach, known as a “rule of reason,” to assess their impact on competition.
The decision was the latest in a string of opinions this term to overturn Supreme Court precedents. It marked the latest in a line of Supreme Court victories for big businesses and antitrust defendants. And it was the latest of the court’s antitrust decisions in recent years to reject rules that had prohibited various marketing agreements between companies.
Elections have consequences. Like many of the Supreme Court’s recent decisions, this one passed with a 5-4 margin, two of those five put there in the second term of the current president. Heck of a job, Bushie!