Schumpeterian Takes on Pending Antitrust Bills in the 117th Congress
GAICIL Insights
The 117th Congress considered several techlash-driven antitrust bills. This analysis argues that, instead of promoting competitive digital markets, many would inhibit innovation and skew competition.
It reviews the bills one by one through a dynamic lens, in which innovation is a central concern for antitrust enforcement. Similar proposals now target AI.
Abstract
Instead of promoting competitive digital markets for the benefit of consumers, many of the techlash-driven proposals advancing in the House and Senate would inhibit innovation and skew competition to the detriment of the digital economy and consumers alike.1
Takeaway
“Our goal is to promote a new, dynamic framework for competition policy in which innovation is a central concern for antitrust enforcement, not a secondary consideration.”
Quoted verbatim from the author’s abstract.
Notes
- Aurelien Portuese, Schumpeterian Takes on Pending Antitrust Bills in the 117th Congress (Info. Tech. & Innovation Found., Aug. 31, 2022), https://itif.org/publications/2022/08/31/schumpeterian-takes-pending-antitrust-bills/. Summary quoted verbatim from the ITIF publication page, https://itif.org/publications/2022/08/31/schumpeterian-takes-pending-antitrust-bills/. ↩
Cite as: Aurelien Portuese, Schumpeterian Takes on Pending Antitrust Bills in the 117th Congress (Info. Tech. & Innovation Found., Aug. 31, 2022), https://itif.org/publications/2022/08/31/schumpeterian-takes-pending-antitrust-bills/
Header image: High rise view of Capitol Hill at night, looking east from Pine and 9th.jpg by Dllu, CC BY-SA 4.0, via Wikimedia Commons.
