Discover and read the best of Twitter Threads about #AntitrustSubcommitteeHearing

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Sen. Lee: I don't share the enthusiasm to use #antitrust to address inequality/discrimination issues presented by the tech platforms. Antitrust shouldn't be used as a swiss-army knife. Congress has other policy tools.


Sen. Klobuchar: Competition problem bigger than tech. GOP author of Sherman Act. Adam Smith talked about fear of monopoly. Teddy Roosevelt was a GOPer. This isn't partisan issue. Courts have made enforcing antitrust laws more difficult. Kavanaugh, Gorsuch will further this trend.
Reich: Pharma, agricultural, and tech present biggest problems. Less innovation, less productivity. Reduced level of business formation. Wages suppressed by monopsony power of dominant local buyers. Portion of economy going to wages dropping.

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