Ranking Member, House antitrust, @RepKenBuck points out how for a longtime consumer welfare was allowed to only be judged based on consumer price as an example of antiquated application of antitrust laws in the US. #disruptedtimes22
Buck also hits on the free expression concerns and choke point of gatekeepers as an antitrust problem causing a downstream concern of censorship. This is a smart understanding of the underlying issues. #disruptedtimes22
“I think we’re getting there. More and more people”…are understanding why the market power is core issue. Buck provides optimism of Republican support of new antitrust laws while recognizing his side of the aisle is more challenging to impact the market. #disruptedtimes22
“The idea that these companies are American”…”with only American values is nonsense,” @RepKenBuck in absolutely crushing the “silliness” of the argument that antitrust legislation is “anti-American” and supporting China. #disruptedtimes22
“Hey, they live in your country, why aren’t you engaged?” Nebraska AG Doug Peterson recounting European pov in 2019 which he described as “hard to ignore.” He’s now co-lead on one of the major antitrust cases against Google. #disruptedtimes22
Rep Buck says he expects three of antitrust bills to pass by August (funding plus two that @DCNorg endorsed - app stores and self-preferencing). Full speed ahead. #disruptedtimes22
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