Lawmakers Fail to Understand the Benefits of Economies of Scale

A year ago, President Joe Biden signed Executive Order 14036 on promoting competition in the American economy. Since then, the Department of Justice’s (DoJ) Antitrust Division and the Federal Trade Commission (FTC) have launched a single-minded crusade against “big tech” and other concentrated industries, as well as proposed mergers. The agencies appear determined to disrupt […]

Efforts to Rewrite Merger Guidelines Leave Businesses in the Lurch

The concept of an ivory tower is a longstanding critique of those who discuss ideas while being disconnected from their real-world impacts. While potentially a platitude, it is a rather accurate description of recent efforts by the Federal Trade Commission (FTC) and the Department of Justice (DoJ) to rewrite merger guidelines to address corporate consolidation. […]

The Economic Standard: Proposed Mergers Act Codifies Big Is Bad

Despite being an integral part of modern life, over a third of Americans support breaking up tech companies such as Amazon, Google, and Microsoft. Moreover, public disapproval of the firms, known as techlash, is propelling legislative efforts that could limit many of the consumer benefits that these companies offer. One legislative reaction to techlash is […]

The Economic Standard: Would Microsoft’s Proposed Activision Merger Be Positive for Consumers?

By now, most people will have heard about Microsoft Corporation’s intension to purchase gaming giant and interactive content publisher Activision Blizzard Inc. in what is already being called the largest tech deal ever. While some may have concerns about the size of the merger, the deal could well be a major victory for consumers and […]

New Report Highlights Importance of Mergers and Acquisitions

Over the past few years, lawmakers from across the political spectrum have lined up to condemn mergers and acquisitions. For example, Senator Amy Klobuchar (D-MN), Chair of the Senate Judiciary’s Antitrust Subcommittee, warned, “today, we’re increasingly seeing companies choose to buy their rivals rather than compete.” Senator Tom Cotton (R-AK) echoed Senator Klobuchar’s concerns, claiming, […]

The Economic Standard: New Report Highlights Importance of Mergers and Acquisitions

Over the past few years, lawmakers from across the political spectrum have lined up to condemn mergers and acquisitions. For example, Senator Amy Klobuchar (D-MN), Chair of the Senate Judiciary’s Antitrust Subcommittee, warned, “today, we’re increasingly seeing companies choose to buy their rivals rather than compete.” Senator Tom Cotton (R-AK) echoed Senator Klobuchar’s concerns, claiming, […]

The American Consumer Institute Releases Policy Brief Highlighting the Importance of Mergers and Acquisitions

Washington, DC – Today, the American Consumer Institute (ACI) released a policy brief highlighting the importance of mergers and acquisitions to the tech ecosystem. This brief comes in response to the growing prominence of techlash in America and Congress’ consideration of bills that seek to limit mergers and acquisitions and fundamentally alter how the industry […]

Antitrust Legislation Unfairly Targets Big Tech and its Customers

For anyone using a myriad of technological innovations to shop, chat, or stream entertainment, the benefits of mergers are in the palm of their hands. Instagram photos are shared easily to Facebook, Amazon delivers groceries straight from Whole Foods, and Android phones work seamlessly with Google. Unfortunately, however, current proposals to rewrite antitrust laws would […]

Rewriting Merger Guidelines Could Hurt Competition

Last month the Federal Trade Commission (FTC) and the Department of Justice (DOJ) announced their intent to revise merger guidelines. Questions from the FTC and DOJ’s request for information (RFI) imply that market power could be of increasing importance when determining whether the agencies will approve or deny future mergers.  While the DOJ and FTC […]

The Economic Standard: Policymakers Must Recognize Mergers Can Benefit Consumers

The principal battlefield in Washington’s war on big tech is mergers and acquisitions. Throughout 2021, lawmakers from both parties and antitrust enforcers at the Federal Trade Commission and Department of Justice have taken increasingly aggressive steps to block proposed mergers and acquisitions as well as retroactively attempt to break up previously approved ones. While an […]