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Economy

Consumer welfare standard under siege after 40-year dominance of antitrust

By Nihal Krishan
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Consumer welfare standard under siege after 40-year dominance of antitrust

Bipartisan momentum to limit the power of Silicon Valley has threatened the 40-year reign of the consumer welfare standard in U.S. antitrust law.

The shift — most notable among Republicans terrified that they will be de-platformed by Big Tech companies such as Facebook, Twitter, and Google — has far-reaching implications for the relationship between the government and business.

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Antitrust Big Tech Bipartisanship Business Consumers FTC House of Representatives Inequality Josh Hawley Lina Khan Markets