antitrust and competition

The FTC’s Continued Focus on Labor Will Fail Without a Whole-of-Government Approach

The Federal Trade Commission under Chair Andrew Ferguson has surprised many by continuing its predecessor’s emphasis on protecting labor markets. Randy Kim writes that while this is a welcome development, it will do little to help workers if President Donald Trump does not also continue his predecessor’s whole-of-government approach. Early indications suggest he will not.

Can Middleware Save Social Media From Big Tech?

Big Tech’s monopoly over online discourse threatens democracy. "Middleware" promises a path forward by adding competitive, customizable layers of recommendation algorithms. But can middleware...

Why Rising Markups Hurt Innovation and Widen Inequality

Over the past four decades, the United States has seen rising market power, slowing productivity growth, and deepening wealth inequality. In new research, Giammario...

Would Content Collusion Among Social Media Companies Be Such a Bad thing?

Mark MacCarthy writes that the case law supports Federal Trade Commission Chair Andrew Ferguson’s charge that collaboration by social media companies on content moderation practices would be anticompetitive collusion. However, the author argues that open and transparent cooperation might actually benefit a troubled internet, and Congress should consider carving out a content-neutral antitrust exemption for platforms in the way it has in the past for broadcast networks.

Lessons From General Electric Show Why We Need a Merger Cap

In new research, Carl T. Bogus uses General Electric as a case study to argue that regulators should prohibit companies that have reached a certain size from growing through mergers and acquisitions due to more common inefficiencies and their outsized harms to stakeholders and society.

Antitrust from Trump to Biden to Trump

The new Trump administration’s antitrust leaders are unexpectedly maintaining the Biden administration’s enforcement priorities, including the 2023 Merger Guidelines. Eric Posner explains why this...

Concentration in Social Media Undermines Product Design Quality and User Experience

Alissa Cooper and Zander Arnao argue that a lack of competition in social media has allowed dominant platforms to design algorithms to maximize for...

Pluralism in Media Markets Is About Democracy, Not Economics

Media pluralism is a core democratic value in Europe. Upholding it requires that media concentration is scrutinized beyond its impact on competition in the traditional economic formulation. By addressing the challenges posed by dominant media players and fostering a diverse information ecosystem, Europe aims to uphold media plurality as a democratic value and ensure that citizens can engage in informed decision-making. From this angle, the European approach to protecting media pluralism might offer an interesting comparative  perspective for the United States debate, write Maciej Bernatt and Marta Sznajder.

The UK’s Path to Sustainable Journalism in the Marketplace of Ideas

Ula Furgal and Magali Eben review the United Kingdom’s efforts to address the lopsided balance of power between traditional news media and digital platforms,...

American Capitalism Must Reorient Toward the Long Term

David J. Teece and Aurelien Portuese argue that short-term thinking in American corporate governance, antitrust, and regulation is hampering American innovation and success even as other countries invest in their firms to dominate frontier markets.

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