The Klobuchar Antitrust Bill Is Corporate Welfare that Will Harm Consumers

Antitrust legislation proposed by Senator Amy Klobuchar, combined with regulatory actions taken by the Federal Trade Commission, are an attempt to redefine the core doctrine of antitrust law. The justification for government taking antitrust action against large companies with “monopoly power” was originally that firms with market concentration can limit competition and raise prices, which can harm consumers.

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