Antitrust No Cure-All For Economic Ills, FTC Chief Says
Law360, New York (September 11, 2017, 6:41 PM EDT) -- Amid increasing calls for tougher antitrust enforcement to tackle concentrated industries, the Federal Trade Commission's Maureen Ohlhausen cautioned Monday that the Sherman Act is not the right tool to deal with income inequality.
After searching for a platform to appeal to voters on the losing end of rising income inequality, Democratic leaders called for a crackdown on market concentration as part of their "Better Deal" economic plan unveiled in July.
The line of thinking championed by high-profile lawmakers like Sens. Elizabeth Warren, D-Mass., and Chuck Schumer, D-N.Y., calls for a more muscular approach to antitrust enforcement against mergers and monopolies....
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