OPINION: I stopped a big government power grab that would hurt businesses and consumers
In short, antitrust seeks to cap the amount of success any business can enjoy and the benefits reaped by customers.
A company that continuously rewards its customers with superior products and innovations will, in turn, be rewarded with a greater market share than its competitors. Unlike players in the marketplace, who must take note of consumer trends to survive, antitrust enforcers often fail to see what is in front of their faces.
We didn’t need government to break up Netflix. We didn’t need government to intervene to ensure competition and innovation. All we needed to do was to let the market work. The U.S. Chamber of Commerce pointed out that enacting the Merger Filing Fee Modernization Act into law would"stymie legitimate business transactions across sectors and industries, create needless new bureaucracy, and spur unwarranted litigation.
As Americans for Tax Reform correctly points out, this legislation"would give the Biden Administration hundreds of millions in new funds to pursue a progressive social agenda.
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