President Joe Biden speaks during a virtual meeting on efforts to boost competition and reduce prices in the meat-processing industry. Photo: Andrew Harnik/AP/Shutterstock In the olden days — by which I mean 2020 — it might have raised some eyebrows if the president of the United States appeared at a joint event with the attorney general during which the two threatened to break up an industry that was dragging down the administration’s poll numbers.
Garland’s remarks did not attract much scrutiny — perhaps in part because he delivers speeches with all the verve and charisma of a hostage — and there is a long and mostly tolerated tradition of the executive branch selectively deploying antitrust-enforcement resources in a manner that aligns with its political priorities.
Khan, Wu, and other self-styled reformers in this small but suddenly influential contingent argued for years that this approach was both outdated and myopic.
The administration’s continued castigation of Big Meat seems, improbably, to have pushed some otherwise sympathetic parties over the edge.
The White House seems to think its decision to enlist the rhetoric of antitrust law in its public rhetoric could be a clever bit of branding that will allow it to leverage public discontent about the economy into support for an antitrust agenda it wanted to pursue anyway. That may turn out to be true, but it is far from clear. There are two other possibilities that have not drawn the attention they should.
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