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Beyond Antitrust: The Role of Competition Policy in Promoting Inclusive Growth

October 13, 2016 by Robert Connolly

Sadly, in our current political climate in the United States, it is virtually impossible to hear any policy discussions on issues.  I thought this paper might be of interest.  It is not written by either of the campaigns, however.  The author is with the current Obama administration as Chairman of the Council of Economic Advisers:

“Beyond Antitrust: The Role of Competition Policy in Promoting Inclusive Growth,”  Jason Furman, Chairman, Council of Economic Advisers  delivered at the Searle Center Conference on Antitrust Economics and Competition Policy Chicago, September 16, 2016.

The paper does not deal with cartel enforcement or even traditional antitrust enforcement overall.  This excerpt gives a glimpse into the content of the article:

Thank you very much for inviting me to today’s conference. Discussions of competition often center on issues of antitrust enforcement. Those are important issues, but I will not address them in my remarks today because they are enforcement questions that are within the purview of the Antitrust Division of the Justice Department and the Federal Trade Commission (FTC). I will argue, though, that public policy can play an important role in promoting competition that goes well beyond traditional antitrust enforcement.

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The US Supreme Court has called cartels "the supreme evil of antitrust." Price fixing and bid rigging may not be all that evil as far as supreme evils go, but an individual can get 10 years in jail and corporations can be fined hundreds of millions of dollars. This blog will provide news, insight and analysis of the world of cartels based on the many years my colleagues and I have as former feds with the Antitrust Division, USDOJ.

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