What Antitrust ‘Reformers’ Got Wrong

What Antitrust ‘Reformers’ Got Wrong

Lina Khan and her allies tried to remake antitrust law. Trump’s team is likely putting an end to that.

Op-Ed: What Antitrust Allegations Get Wrong About Innovation and Dynamic Markets - California Business Journal

In the Antitrust Utopia of market economies, every buyer and seller possesses perfect information, supply and demand effortlessly align, and consumers bask in the bliss of low prices and perfect competition. Unfortunately, this view is neither realistic nor Utopian—it is naive. In the real world, knowledge itself is scarce and often priceless. Decisions are made not by omniscient actors but by imperfect, adaptive humans grappling with incomplete…