All under the pretense that doing anything else would be disastrous, while clinging tightly to a consumer welfare standard that sometimes seemed incapable of addressing modern market, labor, and consumer harms. And generally, we’ve historically encouraged them by underfunding our regulators, steadily weakening antitrust enforcement, rubber stamping merger after terrible merger, and replacing competent Judges with bobble head dolls. is dominated by anticompetitive giants in banking, telecom, insurance, health care, air travel, and countless other sectors. Scholars for decades have warned that US antitrust enforcement has become feckless, and that we need to rethink how we approach antitrust in a world in which companies often seem to have more and more power over our lives. As you may have also noticed, many of these proposals don’t actually do a whole lot to reform US antitrust or monopoly problems in any broad way. As you’ve probably noticed, there’s a big new “antitrust” push afoot in DC.
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