President Joe Biden is attempting to resurrect an archaic and interventionist theory of antitrust enforcement that “big is inherently bad” (Never mind the operational efficiencies and other consumer benefits economies of scale commonly generate). Policymakers who subscribe to this theory, —known as “neo-Brandeisians,” after the famed, Progressive-era trustbuster, Justice Louis Brandeis—want to expand the power and role of antitrust agencies. They would have the federal government burrow regulators deeper into markets and the day-to-day decision-making of businesses.
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