GOP FTC commissioner accuses Democrats of expanding antitrust to 'social values'

GOP Federal Trade Commissioner Christine Wilson and Republicans in Congress said Tuesday they were concerned about Democrats changing antitrust laws to accomplish certain social goals and stray from the law’s current focus to preserve fair competition.

© Provided by Washington Examiner

Liberals — such as Lina Khan, the Democratic chairwoman of the trade commission, and House antitrust panel chairman David Cicilline of Rhode Island — have argued in the past that antitrust law enforcement has been lackluster and overly focused on consumer welfare and the price of goods.

The Democratic majority at the trade commission has consolidated agency power and expanded regulatory authority to challenge anti-competitive behavior more thoroughly in the past few months.

Republicans are worried Democrats are pushing a liberal social agenda that would create uncertainty and lack of objectivity to antitrust enforcement, Wilson said during a House hearing Tuesday regarding antitrust reforms for workers and labor issues.

“What is happening now, I believe, is going further afield and looking not at what happens for completion for labor, but for other social values,” Wilson said. “And I disagree with expanding the scope of antitrust beyond competition, which is the load that it is designed to carry. We are not equipped to evaluate the other factors that are now being shoe-horned into antitrust analysis.”


In a letter to the House antitrust panel on Tuesday, Khan said the trade commission has largely neglected monopsony concerns and harm to workers in recent decades. She said she plans for the agency to scrutinize mergers that lessen competition and restraints on worker pay and mobility.

The two agencies that police companies for anti-competitive conduct, the FTC and the Justice Department, will create a new and more expansive version of the vertical merger guidelines. This comes after the Democrat-controlled trade commission revoked the Trump administration’s guidelines on such mergers earlier this month.

Many Democrats support the “hipster antitrust” movement, which aims to broaden the current definition of antitrust law to “promote a host of political economic ends — including our interests as workers, producers, entrepreneurs, and citizens,” Khan stated in a famous paper she wrote while she was a student at Yale Law School.

Former President Donald Trump’s top antitrust enforcer at the Justice Department, Makan Delrahim, in 2019 even praised liberal anti-monopoly activists like Khan for making the case that antitrust enforcement isn’t limited to considering only consumer welfare and the price of goods and services.

However, some antitrust scholars say there is no fair approach to evaluate mergers and enforce antitrust law beyond its current focus on competition and consumer welfare.

“We have adjusted our enforcement procedures to actually look at product market and labor market issues, and I don’t know what else you do if you want an evidence-based enforcement of the antitrust laws. You try to get the evidence,” said Bruce Kobayashi, a professor of law and economics at George Mason University and former director of the FTC’s Bureau of Economics.

Republicans in Congress are concerned about social issues and noneconomic analysis applied to merger reviews at the trade commission.

“There have been reports about the FTC sending companies questions that are far outside what traditional inquiries are about in regard to merger investigations, like how mergers would affect unionizations, as well as some environmental and social issues,” Republican Rep. Scott Fitzgerald of Wisconsin said during the antitrust hearing Tuesday.


“This is a departure from what you might see as traditional merger investigation questions,” he added.


Washington Examiner Videos

Tags: News, Policy, Economy, Antitrust, FTC, Lina Khan, Monopoly, Markets

Original Author: Nihal Krishan

Original Location: GOP FTC commissioner accuses Democrats of expanding antitrust to ‘social values’

Internet Explorer Channel Network
News Related


Reporter's Baby Crashes Nick Saban's Press Conference

© Provided by Sports Illustrated Alabama head coach Nick Saban was greeted to a surprise during his weekly press conference earlier this week. View the original article to see embedded ... Read more »

Formula One foothold growing, series here to stay in USA

AUSTIN, Texas (AP) — When Formula One returned to the United States in 2012, in Texas of all places, the world’s highest class of international auto racing was taking a ... Read more »

Lowry on Raptors' young roster: 'I want them to be champions again'

The Toronto Raptors officially opened their 2021-22 season at Scotiabank Arena on Wednesday night with a disappointing loss to the Washington Wizards. While fans welcomed their new young and exciting ... Read more »

If Deshaun Watson is traded, NFL will have to decide whether to put him on paid leave

© Provided by NBC Sports As if the NFL wasn’t already dealing with a thorny problem that won’t go away regarding the WFT emails (plenty of media outlets are helping ... Read more »

Soccer-Prosecutor requests suspended jail term for Real's Benzema-media reports

© Reuters/SARAH MEYSSONNIER Karim Benzema’s trial with four other defendants starts at Versailles courthouse PARIS (Reuters) – French prosecutors have recommended that Real Madrid forward Karim Benzema be handed a ... Read more »

Pakistan coaches Taliban on winning international recognition

Pakistan Foreign Minister Shah Mahmood Qureshi gave Afghanistan’s new Taliban rulers advice Thursday on how to gain international recognition, during a visit to the neighbouring capital. © – Afghanistan’s acting ... Read more »

Texas Lt. Gov. Dan Patrick paid out his first voter fraud bounty to a progressive poll worker in Pennsylvania who caught a Republican voting illegally

© Lynda M. Gonzalez-Pool/Getty Images Texas Lt. Gov. Dan Patrick speaks after Texas Governor Greg Abbott announced the reopening of more Texas businesses during the COVID-19 pandemic at a press ... Read more »

Google moves forward with Matter for smart home developers

At the Google Smart Home Developer Summit today, the company announced new tools and features for developers ready to jump into building devices compatible with Matter, the open smart home ... Read more »

David Amess: Murder suspect Ali Harbi Ali accused of plotting to kill MPs since 2019

© Getty Images Floral tributes are left in Parliament Square for Sir David Amess MP – Getty The man accused of murdering Sir David Amess had been plotting to kill ... Read more »

Labour muddle over support for Covid ‘Plan B' as Keir Starmer contradicts health spokesman

© PA Prime Minister’s Questions Labour’s Covid policy was plunged into confusion when it appeared to back an immediate move to tougher ‘Plan B’ restrictions – before Keir Starmer said ... Read more »

Trading in Trump-linked SPAC halted as shares soar on social media deal

Trading in Trump-linked SPAC Digital World Acquisition Corp. were halted after shares soared following the announcement of the former president’s social media network “Truth Social.” © Getty Images Trading in ... Read more »

'Armed and dangerous' woman in Mickey Mouse pyjamas arrested on suspicion of killing four people

© Independent Breaking News A woman who was allegedly last seen wearing Mickey Mouse pyjamas after carrying out a shooting in Clare County, Michigan, has been arrested. The woman, 54-year-old ... Read more »

Pentagon tests hypersonic weapons as Biden admits he is ‘worried' by China's arsenal

© Independent Breaking News The US Navy and Army tested hypersonic weapon prototypes following China’s test launch of a nuke-capable space missile that has “worried” Joe Biden. While China has ... Read more »

Aston Martin boss Stroll: Retain bond can help us rule F1

© Provided by City AM Mention of bonds and Aston Martins usually calls to mind the fictitious adventures of 007, but for Lawrence Stroll, the words relate to his very ... Read more »

Aluminium industry is still grappling with coal shortage. Here's what industry insiders have to say

© Provided by Business Today Aluminium industry is still grappling with coal shortage. Here’s what industry insiders have to say The coal shortage for the power sector is improving gradually ... Read more »

Mahmudullah: 'We all felt bad, it is not right to talk about our commitment'

© ICC via Getty Mahmudullah said there’s positive energy within the team after their win against PNG © ICC via Getty Mahmudullah has said that it wasn’t right for Bangladesh’s ... Read more »

Police: Man fatally shoots 2, wounds 2, then kills himself

Wisconsin Shooting (ASSOCIATED PRESS) Three people were killed and two others critically wounded in a shooting at a home in a southeastern Wisconsin city, and police said Wednesday they believe ... Read more »

Man shot in northwest Fort Worth, authorities say; unclear if an assailant in custody

A man was shot and seriously injured Thursday in northwest Fort Worth, authorities said. The victim was fired on about 10:30 a.m. in the 2000 block of East Long Avenue, ... Read more »

Vitesse vs Tottenham LIVE: Europa Conference League latest score, goals and updates from fixture tonight

© Getty Images GettyImages-1347921465.jpg LIVE – Updated at 17:59 Follow all the action as Vitesse Arnhem host Tottenham in the Europa Conference League tonight. Nuno Espirito Santo’s escaped with a ... Read more »

Bank of Maharashtra net profit jumps over two-fold at Rs 264 crore in Sept quarter

© Provided by Zee Business State-owned Bank of Maharashtra on Thursday posted over two-fold jump in its consolidated net profit at Rs 264 crore in the second quarter ended September. ... Read more »

BDO faces FRC investigation over its audit of collapsed building firm

© Provided by City AM Challenger company BDO is being investigated by the UK accounting regulator over its audit of collapsed construction company NMCN. The Financial Reporting Council confirmed on ... Read more »

Supreme Court of Canada sides with injured woman in snow-clearing squabble

OTTAWA — A woman will get another chance to sue for damages over a leg injury she suffered while climbing through snow piled by a city’s plow, the Supreme Court ... Read more »

Cops hunt ‘sex attacker' after woman cornered in lift by man who touched and kissed her before fleeing

COPS are urgently hunting a man after a woman was cornered in a lift and sexually assaulted in Liverpool. The woman entered a lift in the Orleans House Building on ... Read more »

How 'Invasion' Pays Homage to Sam Neill's Role in 'Jurassic Park' (Exclusive)

© et Starring Sam Neill, Golshifteh Farahani, Shamier Anderson and many others, Invasion follows the lives of people from around the world as aliens descend upon Earth. While the story ... Read more »

Taliban honours suicide bombers who killed US soldiers in twisted ceremony – handing out land and cash to their families

THE Taliban have promised plots of lands and cash to relatives of suicide bombers who targeted US and Afghan forces, a spokesman has confirmed. The acting Interior Minister Sirajuddin Haqqani ... Read more »

Lottery latest – Set For Life £10k a month draw on tonight as HUGE £25M to play for on Friday

TONIGHT there is just one draw taking place. It will be the Set For Life Draw, where one lucky winner could get their hands on the jackpot prize. The lucky ... Read more »

JoJo Siwa and girlfriend reportedly split

A month after making their red carpet debut together as a couple, JoJo Siwa and Kylie Prew have reportedly broken up.  Fans began getting suspicious of a potential split after ... Read more »

'The Blacklist' Team Picks Up the Pieces After Red's Disappearance in Season 9 First Look (Exclusive)

© ET Online The Blacklist is turning over a new leaf. When season 9 kicks off Thursday, two years will have passed since the events of the finale and the death of ... Read more »

Marquez: Arm recovery still "too slow" in MotoGP 2021

© Gold and Goose / Motorsport Images Marc Marquez, Repsol Honda Team Marquez comes into this weekend’s Emilia Romagna Grand Prix at Misano fresh off the back of a dominant ... Read more »

Nabela Noor Wants You to Romanticize Your Beauty Routine

© Courtesy The beauty guru talks about her new collection with PÜR, motherhood, and practicing self-love. Nabela Noor has a voice that can calm even the most restless seas. She ... Read more »

Who Is Skunk on 'The Masked Singer'? Fans Say the Clues Totally Give It Away

For The Masked Singer season 6, a nocturnal creature is stepping into the spotlight for their big moment. The Skunk has been unveiled as part of The Masked Singer 2021 ... Read more »

Wise co-founder Taavet Hinrikus to sell some shares in company

(Reuters) – Wise Plc co-founder Taavet Hinrikus would sell up to 11 million, or about 1.1%, of the money transfer company’s Class A shares through an accelerated bookbuilding process, the ... Read more »

Fantasy Premier League GW9 injury news - Man United, Chelsea, Arsenal and more

Chelsea take on bottom of the table Norwich City in the Premier League in Gameweek 9, but the Blues look set to be without both Romelu Lukaku and Timo Werner. ... Read more »

The stolen Celtic anthem revealed as Rennes chief confesses to player sing song that sparked copycat

A Ligue 1 figure has confessed to stealing a popular Celtic fan anthem – with players signing the tune after a Europa League defeat. A Rennes chief has revealed that ... Read more »

9 The White Company Christmas gifts that are pure luxury - they're so good you'll want to keep them for yourself

© Provided by Hello! twc-xmas-gifts Christmas is a-coming and while we’ve been buying beauty advent calendars and holiday candles in our droves, we’re now starting to turn our attention to ... Read more »

Among Us will be released on PlayStation and Xbox on Dec. 14 with cross-play advertised

© Provided by Dot Esports The widely popular space-based sabotage simulator Among Us is finally making its way to PS4, PS5, Xbox One, and Xbox Series X on Dec. 14. ... Read more »

The Miss France pageant is accused of breaking French labor laws by choosing contestants based on their looks

© GUILLAUME SOUVANT/AFP via Getty Images The 101-year-old pageant is set to take place again on December 11. GUILLAUME SOUVANT/AFP via Getty Images Three unsuccessful contestants and a feminist group ... Read more »

Intel, SiFive end talks without deal - Bloomberg News

(Reuters) – Intel Corp's talks with SiFive Inc have ended without a deal and the chip designer startup will look for outside investment instead, Bloomberg News reported on Thursday, citing ... Read more »

Victim in Pooh Shiesty shooting case, Instagram model among 8 indicted in Miami fraud case

One year ago, Brandon Cooper was shot in the butt during what police say was a robbery in a Bay Harbor Island hotel that resulted in the arrest of high-profile ... Read more »

Fries with that exam? College profs asked to help with food

Virus Outbreak College Food (ASSOCIATED PRESS) Hey, professor, hold the mayo! Short of help, Michigan State University is making an urgent plea to staff to volunteer in campus dining halls, ... Read more »
On you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic