Antitrust

Please join ITIF’s Schumpeter Project on Competition Policy for a virtual panel with top experts who will discuss this landmark decision, its implications for the social media landscape, and what it means for the U.S. government’s ongoing assaults on Big Tech.

Despite evidence to the contrary, a persistent narrative during the past two administrations has been that corporate power is getting increasingly concentrated, ergo antitrust breakups are warranted. But the latest Census Bureau data once again puts the lie to that argument.

Unfortunately, however complementary the objectives of protecting consumer privacy and promoting competition may be at a high level, complying with several key DMA prohibitions will undermine—not enhance—the privacy goals of the GDPR.

The dominance of antitrust’s old order on the right is probably over, and the battle for the soul of a conservative or “America First” antitrust has begun.

While ITIF commends the CMA for asking whether competition policy is consistent with broader growth and competitiveness goals, in several respects the Discussion Paper appears to condone policies that would run counter to—not ensure—a faster growing and more globally competitive Britain.

A report on inequality commissioned for this year’s G20 summit offers ill-advised antitrust recommendations for reducing income and wealth inequality.

Congress’s attention would be far better spent elsewhere than on overhauling American antitrust law with new digital rules.

Watch now for a fireside chat with Professor David Teece, who explored how dynamic competition redefines the economic foundations of antitrust and what it means for enforcement to better account for innovation, entrepreneurship, and dynamic capabilities in today’s most consequential cases.

The failure of the Amazon/iRobot transaction, which was opposed by EU and U.S. antitrust authorities, has had catastrophic consequences for the American robotics firm and played into the hands of Chinese robot manufacturing rivals.