FOREWORD: COMPETITION POLICY - NCA - CONSUMER WELFARE - POPULISM

Populism and competition

At times where competition authorities face criticisms from various populisms, it should be noted that they themselves took a populist approach when they shifted from their original legitimate test of maximizing Welfare in favour of the sole maximization of the consumer surplus. Returning to the original welfare test would help them resist against the new populist pressure.

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. Competition policy - and competition authorities with it - is today under the crossfire of several populisms, which constitute one of the greatest dangers it has had to face in recent decades. It is thus called into question both by right-wing populism, which sees it as an unacceptable brake on the dynamism of the liberal economy, and by left-wing populism, for whom it is little better than an alibi incapable of having any real strong action in favour of consumers and, more broadly,

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Authors

  • ESSEC Business School (Cergy)
  • Freshfields Bruckhaus Deringer (Paris)

Quotation

Frédéric Jenny, Jérôme Philippe, Populism and competition, September 2018, Concurrences N° 3-2018, Art. N° 87456, www.concurrences.com

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