In my view, he said, the section warrants the court in looking at the business realities of a situation and does not confine them to a narrow legalistic view.
Frontiersmen typically dropped the legalistic formalities and restrictive franchise favored by eastern upper classes, and adopting more democracy and more egalitarianism.
Although liberal socialism unequivocally favors a market economy, it identifies legalistic and artificial monopolies to be the fault of capitalism and thus opposes entirely unregulated laissez-faire economic liberalism.