FOREWORD: USA - BIDEN ADMINISTRATION - ANTITRUST ENFORCEMENT - REFORM

Antitrust is back in America

With growing momentum behind efforts to reform and strengthen US antitrust enforcement, a decades-long trend toward increasing market concentration may soon be confronted head-on. But enforcement alone will not cure what ails the US economy—especially not when US consumers themselves are smitten with the monopolists.

CHICAGO – President Joe Biden is signaling that his administration will get tough on monopoly. With the appointments of Columbia University law professors Timothy Wu to the White House National Economic Council and Lina Khan to the Federal Trade Commission (FTC), he has selected two well-known proponents of breaking up the Big Tech monopolies. Moreover, these appointments come on the heels of a major antitrust reform bill that Amy Klobuchar of Minnesota introduced in the US Senate last month. Klobuchar’s bill aims to bolster antitrust enforcement in a number of ways. It would increase funding for the FTC and the Department of Justice Antitrust Division, establish new bureaucratic offices to investigate and monitor antitrust compliance and market conditions, slap new civil penalties on

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Author

  • University of Chicago

Quotation

Eric Posner, Antitrust is back in America, May 2021, Concurrences N° 2-2021, Art. N° 99964, www.concurrences.com

Visites 1189

All reviews