Regulation and Antitrust

Join us for a lively event hosted by ITIF's Schumpeter Project on Competition Policy, featuring leading antitrust experts from Taiwan, Japan, Korea, and the United States.

Following the Supreme Court’s landmark decision in Loper Bright Enterprises v. Raimondo, which overruled its prior holding in Chevron U.S.A. Inc. v. Natural Resources Defense Council, Inc., the Information Technology and Innovation Foundation (ITIF) released the following statement from Joseph V. Coniglio, Director of Antitrust and Innovation.

The EU is at a strategic crossroads when it comes to techno-economic policy. As the new Commission and Parliament take office, they must choose between fidelity to the transatlantic alliance and “strategic independence,” as well as between maintaining regulatory hostility toward large tech companies and unleashing innovation in Europe.

Rob Atkinson and David Moschella appeared on the Explain to Shane podcast with AEI’s Shane Tews to discuss their book Technology Fears and Scapegoats.

Following the European Commission’s Statement of Objections against Microsoft for “abusive” bundling, ITIF issued the following statement from Joseph V. Coniglio, Director of Antitrust and Innovation.

While ITIF applauds the Commission for its efforts to evaluate the adequacy of California’s competition laws and consider possible changes, this comment highlights concerns with both the Technology Platform and Mergers and Acquisitions Reports, specifically regarding their respective legal and economic findings from the standpoint of promoting innovation.

Shifting from evidence-based law enforcement to heavy-handed digital regulation could stifle the innovation Korea needs and lead to various unintended consequences. As the Korean proverb goes, it’s unwise to “burn down the hut to catch a bedbug.”

Proposed changes to Kenya’s competition regime will hinder, not help its digital economy. Rather than impose substantial changes based on the false premise that digital markets require special treatment, Kenya should use existing enforcement tools to police its growing digital markets.

The next administration needs to place innovation, productivity, and competitiveness at the core of its economic policy. To that end, this report offers a comprehensive techno-economic agenda with 82 actionable policy recommendations.

Ex-ante regulation is not only unnecessary in view of Turkey’s growing digital markets, but likely to chill the very innovation it seeks to promote. Through a number of per se bans for behavior that is very often pro-competitive, consumers will be harmed—a fact that is already happening in Europe with its own DMA.