The New Progressives Progressive Fight Against Consumer Welfare

American Action Forum ^ | October 26, 2022 | Fred Ashton

[Anon Cohen]

The consumer welfare standard has been the backbone of antitrust policy for over 40 years and provides a consistent basis for the enforcement of antitrust law. The consumer welfare standard is measurable using economic analysis and empirical evidence, facilitating a reliable and objective application of antitrust law. Commandeering antitrust policy as a tool to solve other societal ills including depressed employee wages and harm to competitors risks creating uncertainty, stifling innovation, and slowing economic growth.

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[Anon Cohen]

To neo-brandeisians, including Sen. Warren, FTC Chair Lina Khan, low prices are bad. Chair Khan wants to shift the focus from consumers to workers and small businesses, attacking consumer welfare standard. The NBs want to make it harder to price aggressively – but in a period of record inflation, don’t we want to see prices falling? Warren, Sanders, AOC voters are all consumers and thus will all suffer from the lack of a consumer welfare based regulatory approach. Under the Biden amin and the D-controlled Congress don’t look for anything but more nonsensical regulation and more oppressive government stifling of the economy. Angry, anti everything “progressive” are tearing down what 250 years of a Constitution Written by geniuses has blessed us with. Progressives are a pestilence. Sooner or later they will be purged.