The Economic Standard: Antitrust Reform Would Harm Workers, Not Help Them

n the minds of some politicians, it seems there is not a social problem antitrust reform cannot solve. Most recently, Democrats and Republicans in Washington have expressed a belief that breaking up large companies will enhance conditions for working Americans. This erroneous view was clearly displayed during the latest House Judiciary Antitrust Subcommittee hearing entitled 21st […]

ACI Sends a Letter To Senator Grassley: Don’t Undermine Consumer Welfare

Senator Grassley and Members of Congress: We appreciate your efforts and careful attention to antitrust and other competition related issues with technology companies. While we support antitrust scrutiny to promote competitive behavior, as long-time supporters of free markets and free expression, we are concerned to see drastic antitrust reform proposals that completely overlook consumer welfare […]

The Economic Standard: Republicans Should Defend the Consumer Welfare Standard

Over the past month, five Republican lawmakers banded together to form the “Freedom from Big Tech” caucus in the House of Representatives. The stated aim of the caucus is to “rein in Big Tech” through “legislation, education, and awareness.” The caucus reflects a growing concern amongst Republicans of the influence of large tech companies on political discourse. Led by […]

The Economic Standard: FTC Decision Makes Consumers the Big Losers

To retitle the familiar song by Prince, it now appears the Federal Trade Commission (FTC) is going to “party like it’s 1914.” The well-known consumer welfare standard – the principle that has focused antitrust enforcement onto whether consumers are harmed – is getting shelved by the FTC (“FTC Votes to Broaden Enforcement Power, WSJ, July […]

Real Clear Policy: Antitrust Bill Will Undermine Competition and Consumer Choice

The introduction of the EPM Act is just another sign that legislators in Washington fail to understand the competitive nature of the tech marketplace and that the scope of antitrust law should always prioritize consumer welfare. Prohibiting tech companies from engaging in new lines of business, and thereby undermining competition and the incentive to innovate, […]

Antitrust Explainer

A package of five bills is set to be introduced by Democrats in the House Judiciary Committee. These bills seek to fundamentally change how the federal government approaches big tech and are being released at a time when Republicans and Democrats seek to reign in big tech and its influence. Rather than employing the consumer […]

Consumer Impact Must Remain the Focus for Mergers and Acquisitions

It seems that each week, self-proclaimed trustbusters on Capitol Hill line up to attack big tech for alleged antitrust violations. Back in the firing line this week is Amazon after the company announced it was purchasing Metro-Goldwyn-Mayer (MGM) Studios for $8.45 billion. If the deal goes ahead, it would be the “second-largest acquisition in Amazon’s […]

The Economic Standard: Washington’s New General in Its Antitrust War

Shortly after entering office in January 2021, President Joe Biden announced the nomination of Lina Kahn to the Federal Trade Commission (FTC). Responding to the announcement, the FTC’s Chairwoman Rebecca Kelly Slaughter stated, “her creative energy, groundbreaking antitrust work, and passion for the FTC’s mission make her an excellent nominee.” Should the U.S. Senate confirm her, Kahn will join […]

New Podcast Episode: Antitrust, the Consumer Welfare Standard, and Big Tech

The Consumer Welfare Standard (CWS) has been the bedrock of U.S. antitrust law for the past several decades. Today, there seems to be a bipartisan consensus that Washington should act to rein in big tech’s perceived power. In supporting antitrust actions against big tech, policymakers on both the left and right are trying to delegitimize […]

Why the Consumer Welfare Standard Must Remain the Bedrock of U.S. Antitrust Law

Antitrust rarely dominates political discourse. Yet, it has recently become an issue that holds bipartisan support and has entered mainstream political conversations after a series of federal suits against Facebook, Google, and Visa. Additional antitrust suits are expected in 2021 as pressure ramps up on politicians and federal agencies to prosecute big tech for alleged […]