Will the EO on Competition Advance Competition, or Restrict It?
This event featured Howard Beales.
Protecting and preserving competition are the key objectives of U.S. antitrust laws, which are all phrased as prohibitions: on agreements “in restraint of trade,” of mergers and acquisitions where the effect “may be substantially to lessen competition, or to tend to create a monopoly,” and on “unfair methods of competition.” In a July 2021 Executive Order, the Biden Administration directed agencies to pursue 72 specific initiatives to tackle what are seen as our most pressing competition problems. Will these initiatives enhance the role of competition, or are they instead initiatives that would replace the outcomes of competitive markets with regulatory requirements? Both views have strong champions and well-articulated views. A distinguished panel joined us to lay out the arguments and implications of these important policy choices.
- Howard Beales -- Senior Scholar, GW Regulatory Studies Center and Professor Emeritus of Strategic Management & Public Policy, School of Business, The George Washington University
- Iona Marinescu -- Associated Professor, School of Social Policy & Practice, University of Pennsylvania and Faculty Research Fellow, National Bureau of Economic Research
- Robert Bork, Jr. -- President, Antitrust Education Project
- Neil Averitt -- Opinion Columnist, FTC: Watch
- Jane Luxton -- Managing Partner, Lewis, Brisbois, Bisgaard, & Smith LLP