The Intelligence from The Economist

Antitrust, the process: America’s competition cops

4 snips
Jun 29, 2023
Lena Kahn, Chair of the FTC, advocates for a bold stance on antitrust issues, particularly in the high-stakes battle against Microsoft over its Activision merger. Don Wineland examines the troubling stagnation in China's post-pandemic recovery, emphasizing government efforts to stimulate the economy. Meanwhile, Josie DeLapp celebrates the cultural significance of Tayto crisps, sharing how their unique flavors resonate with Irish identity and nostalgia. The discussion weaves through modern economic challenges and cherished traditions.
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INSIGHT

Rethinking Antitrust

  • Lena Kahn, FTC chair, is changing how America thinks about antitrust.
  • She's moving beyond consumer pricing to consider broader economic harms.
ANECDOTE

Kahn's Rise to Prominence

  • Lena Kahn's article, "Amazon's Antitrust Paradox," gained recognition and the attention of Senator Elizabeth Warren.
  • This led to Kahn's appointment to the FTC, where she now leads antitrust efforts.
INSIGHT

Broadening Antitrust Scope

  • Kahn aims to broaden antitrust beyond consumer welfare, considering harm to labor and small businesses.
  • She believes this aligns with antitrust's original intent, pre-Reagan administration.
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