Antitrust's 1900s Nostalgia In The US And Beyond

By Maureen Ohlhausen (January 18, 2022, 6:30 PM EST) -- It is notable that Joe Biden, the oldest person elected president, invoked the spirit of President Theodore Roosevelt, the youngest person to assume the presidency,[1] in his 2021 statement announcing the signing of the executive order on promoting competition in the American economy.[2]

Biden announced his enthusiasm for an early 20th century antitrust approach that is suspicious of concentrated corporate power,[3] considers a variety of noncompetition factors, such as labor impacts, and embraces an interventionist and regulatory government role in pursuit of fair competition.[4]

In 2022, Biden's antitrust appointees — Tim Wu, special assistant to the president for technology and competition...

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