Is Brazil’s Digital Markets Proposal Based on Genuine Consensus or Unproven Narrative?

Is Brazil’s Digital Markets Proposal Based on Genuine Consensus or Unproven Narrative?

A popular narrative has emerged in Brazil in recent years about the  “genuine consensus” supporting the need for more stringent regulation of digital markets. This narrative has been fueled by a growing number of cases of alleged anticompetitive conduct by so-called “global mega-corporations,” including the Mercado Livre/Apple case and the more recent Meta/Apple case. The perceived urgency to act is, however, largely built on speculative assumpt…