EFF: Antitrust Enforcement Needs to Evolve for the 21st Century
Antitrust Enforcement Needs to Evolve for the 21st Century Yesterday, the Federal Trade Commission (FTC) announced the creation of a new task force to monitor competition in technology markets. Given the inadequacies of federal antitrust enforcement over the past generation, we welcome the new task force and reiterate our suggestions for how regulators can better protect technology markets and consumers. Citing the 2002 creation of a task force that reinvigorated antitrust scrutiny of mergers, and ongoing hearings on Competition and Consumer Protection, FTC Chairman Joe Simons said , “[I]t makes sense for us to closely examine technology markets to ensure consumers benefit from free and fair competition.” Bureau Director Bruce Hoffman noted that “[t]echnology markets, which are rapidly evolving and touch so many other sectors of the economy, raise distinct challenges for antitrust enforcement.” We could not agree more. Unfortunately, antitrust enforcement in the U.S. ...