Washington Center for Equitable Growth

Between Sept 2018 and June 2019, the Federal Trade Commission conducted a series of public hearings to study the landscape of competition and consumer protection. The next step—and the crucial one—is for the FTC to integrate the lessons learned from those proceedings into its day-to-day work.

The Federal Trade Commission is tackling a central question of competition: Are the goals of antitrust enforcement in the United States best pursued by applying what’s known as the consumer welfare standard? But what does it mean just to safeguard “consumer” welfare?

[Op-ed] The court decision allowing AT&T to acquire Time Warner is an example of the inability of our current system of courts and enforcement to prevent the decline in competition in the modern US economy. In the case of that merger, the Antitrust Division of the US Department of Justice gets credit for making an attempt to block what it viewed as an anti-competitive transaction. What’s more, that view proved prescient after the now-merged firm almost immediately raised prices after executives testified that the synergies from the deal would immediately cause lower prices.