Consumer Welfare On Trial at the FTC

November 2018

NORTH AMERICA COLUMN BANNER

Consumer Welfare On Trial at the FTC By Marshall Steinbaum (Roosevelt Institute)1

On November 1st, the FTC held its public hearing on the consumer welfare standard, putting the philosophical gulf between critics of the antitrust status quo and its insider practitioners on full display.

By now, the debate follows similar lines: critics of the status quo air their grievances about the state of antitrust law and its enforcement, following decades of conservatizing court opinions and enforcement agencies chastened into weakly enforcing an ever-weaker body of law. Then the insider…

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