Biden’s antitrust approach will harm small businesses and raise prices at the counter

Since Day One, the Biden administration has pursued an aggressive antitrust agenda, wrongly arguing that the concentration of market power is inherently harmful to consumers and the economy at large. This misguided approach will end up hurting small businesses and burden consumers with higher prices.

From social media to grocery stores to airlines to virtual reality to robot vacuums, the Biden antitrust agenda has cast a wide net. A key characteristic of this administration’s approach is its willingness to adopt novel theories of harm and to move away from long-upheld principles.