An intense public debate is currently taking place in the US. The main subject of this debate is tech giants and the antitrust law reform. The fundamental dilemma is whether giant corporations, such as Apple, Google, Amazon, Microsoft, and Facebook, fit the traditional antitrust law or not. Senator Klobuchar proposed the new bill (the Competition and Antitrust Law Enforcement Reform Act) in 2021, and Congress is currently between a rock and a hard place. If Congress decides to support the New Brandeis movement and enact the bill, it could harm the tech giants and make the US start lagging behind China. If it decides otherwise, it could cause considerable dissatisfaction among US voters. This paper analyses the bill in detail and explores the possible outcomes. The conclusions suggest that enactment of the bill could have overwhelmingly adverse economic consequences for the competitiveness of US markets, innovation, and consequently for consumer welfare.
Keywords:
Tech giants / Federal trade commission / Competition and Antitrust Law enforcement reform act of 2021 / Antitrust Law
Source:
Anali Pravnog fakulteta u Beogradu, 2022, 70, 1, 101-120
TY - JOUR
AU - Ilić, Nikola
PY - 2022
UR - https://ralf.ius.bg.ac.rs/handle/123456789/1314
AB - An intense public debate is currently taking place in the US. The main subject of this debate is tech giants and the antitrust law reform. The fundamental dilemma is whether giant corporations, such as Apple, Google, Amazon, Microsoft, and Facebook, fit the traditional antitrust law or not. Senator Klobuchar proposed the new bill (the Competition and Antitrust Law Enforcement Reform Act) in 2021, and Congress is currently between a rock and a hard place. If Congress decides to support the New Brandeis movement and enact the bill, it could harm the tech giants and make the US start lagging behind China. If it decides otherwise, it could cause considerable dissatisfaction among US voters. This paper analyses the bill in detail and explores the possible outcomes. The conclusions suggest that enactment of the bill could have overwhelmingly adverse economic consequences for the competitiveness of US markets, innovation, and consequently for consumer welfare.
PB - Univerzitet u Beogradu - Pravni fakultet, Beograd
T2 - Anali Pravnog fakulteta u Beogradu
T1 - The Klobuchar bill: Is something rotten in the US antitrust legislative reform?
EP - 120
IS - 1
SP - 101
VL - 70
DO - 10.51204/Anali_PFBU_22104A
UR - conv_570
ER -
@article{
author = "Ilić, Nikola",
year = "2022",
abstract = "An intense public debate is currently taking place in the US. The main subject of this debate is tech giants and the antitrust law reform. The fundamental dilemma is whether giant corporations, such as Apple, Google, Amazon, Microsoft, and Facebook, fit the traditional antitrust law or not. Senator Klobuchar proposed the new bill (the Competition and Antitrust Law Enforcement Reform Act) in 2021, and Congress is currently between a rock and a hard place. If Congress decides to support the New Brandeis movement and enact the bill, it could harm the tech giants and make the US start lagging behind China. If it decides otherwise, it could cause considerable dissatisfaction among US voters. This paper analyses the bill in detail and explores the possible outcomes. The conclusions suggest that enactment of the bill could have overwhelmingly adverse economic consequences for the competitiveness of US markets, innovation, and consequently for consumer welfare.",
publisher = "Univerzitet u Beogradu - Pravni fakultet, Beograd",
journal = "Anali Pravnog fakulteta u Beogradu",
title = "The Klobuchar bill: Is something rotten in the US antitrust legislative reform?",
pages = "120-101",
number = "1",
volume = "70",
doi = "10.51204/Anali_PFBU_22104A",
url = "conv_570"
}
Ilić, N.. (2022). The Klobuchar bill: Is something rotten in the US antitrust legislative reform?. in Anali Pravnog fakulteta u Beogradu
Univerzitet u Beogradu - Pravni fakultet, Beograd., 70(1), 101-120.
https://doi.org/10.51204/Anali_PFBU_22104A
conv_570
Ilić N. The Klobuchar bill: Is something rotten in the US antitrust legislative reform?. in Anali Pravnog fakulteta u Beogradu. 2022;70(1):101-120.
doi:10.51204/Anali_PFBU_22104A
conv_570 .
Ilić, Nikola, "The Klobuchar bill: Is something rotten in the US antitrust legislative reform?" in Anali Pravnog fakulteta u Beogradu, 70, no. 1 (2022):101-120,
https://doi.org/10.51204/Anali_PFBU_22104A .,
conv_570 .
