As the Senate Antitrust Subcommittee hearing with @linakhanFTC gets underway, @julieinannap writes on not just Khan's ineffective approach & poor #antitrust enforcement record, but also how this approach undermines economic growth & #innovation itif.org/publications/2…
@linakhanFTC @julieinannap In a statement on the antitrust hearing, @linakhanFTC claims "the Commission is focusing its enforcement efforts and resources on targeting mergers and conduct that pose the greatest threats to open, competitive, and fair markets.”
@linakhanFTC @julieinannap In a dissenting statement, commissioners @FTCPhillips and @CSWilsonFTC show that no matter how you cut the data, enforcement is down: ftc.gov/system/files/f…
“In fiscal year 2021, that number [of merger enforcement actions] dropped by nearly half and a majority of those 15 challenges were filed before the Biden Administration came into office. Fiscal year 2022 witnessed only a slight uptick.”
There have been less enforcement actions “than any fiscal year going back to 2015 […] These data are even more striking when considering that the number of merger filings in 2021 and in 2022 was significantly higher than in any of those prior years.”
For more on how @linakhanFTC’s tenure compares to that of other @FTC chairs, see the following @ProgressChamber article: medium.com/chamber-of-pro….
@linakhanFTC @FTC @ProgressChamber Jonathan Kanter of @JusticeATR and @amyklobuchar propose strengthening antitrust enforcement “as the economy becomes more concentrated.” A recent @RobAtkinsonITIF report debunks the claim that concentration is up: itif.org/publications/2….
Large businesses drive productivity gains, economic growth and #innovation in the U.S. So in addition to being ineffective, changes under the @linakhanFTC administration pose a serious threat to U.S. #competitiveness and growth.
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