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A Hipster and a Hillbilly Walk into a Bar
Truth on the Market
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Acurious political convergence has been reshaping U.S. antitrust policy. Conservative populists have found common cause with the so-called “neo-Brandeisians” of the left—named for the late Supreme Court Justice Louis Brandeis—in seeking to challenge big business, particularly the tech giants.
While both cohorts’ concerns about concentrated power deserve attention, their shared willingness to abandon the longstanding “consumer welfare standard” that has guided antitrust enforcement for decades threatens to undermine the very market innovations that have driven American prosperity.