The EU's Antitrust Lessons for America
While the EU’s courts and legislative processes will moderate the European Commission’s hardline instincts about competition policy, the US risks overcompensating for past laxity. Big businesses wanting moderate and stable antitrust policy may therefore have to look to Brussels rather than Washington.
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LONDON – US corporate giants often criticize the European Commission’s aggressive competition policy, claiming that it protects inefficient European firms. Meanwhile, they applaud America’s laissez-faire antitrust policies, which regard market dominance as a reward for success and have aided the development of today’s US megafirms, especially in the tech sector.