Antitrust: More Snake Oil Than Miracle Cure

Antitrust laws are some of the most powerful legal tools that the government possesses to intervene in private industry, which is why they’re often touted as a miracle cure for concerns about the power of “Big Tech.” But competition policy hawks like Senator Amy Klobuchar are quick to cite concerns about market concentration everywhere, including “pharmaceuticals, social media and digital technology, telecommunications, agriculture, online ticket sales, transportation, and more.” Too many of the uses lawmakers propose for antitrust, however, are in industries where a lack of antitrust enforcement isn’t the root cause of the problems they propose to solve. 

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