It is a significant error to assume that the U.S. enforcers are converging with the Europeans. @vestager hasn't blocked a merger in two years. Not one. She approved Google-Fitbit.
The EU has gotten headlines, but the bureaucrats there are corporatists.
wsj.com/articles/u-s-c…
The EU has gotten headlines, but the bureaucrats there are corporatists.
wsj.com/articles/u-s-c…
I've been at conferences with European enforcers, and they are *explicit* in rejecting the Brandeisian view. They are strong proponents of consumer welfare and economist control over policymaking.
https://twitter.com/matthewstoller/status/1415673734921396224
It's important to note @vestager is *explicitly* hostile to breaking up big firms. When asked if she agrees with Elizabeth Warren's plan to break up big tech, she said not really and characterized doing so as extreme and a violation of private property rights. Very Bork-ian. 
If the U.S. gets aggressive, the Europeans may follow. But contra @ProfFionasm, it's not clear how much meaningful work is going at the European commission-level around competition policy.
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