NLC: The Future of Antitrust - Is the Consumer Welfare Standard Still Up to the Task or Is It Time for a “Better Deal”?
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As an advisor to Woodrow Wilson, Louis Brandeis observed that “We can have democracy in this country, or we can have great wealth in the hands of a few, but we can’t have both.” Concerns about market concentration and the
"curse of bigness" even apart from market concentration – with particular focus on the tech sector and such issues as use of, and access to, consumer data – have generated renewed interest in a Brandeisian approach, which has also found its way into the Democratic Party’s “Better Deal” plaform released last summer.
Has the time come for this New Brandeis Movement or is it merely, as others would have it, “hipster antitrust”?
On November 16, The Federalist Society will host a panel by the Corporations, Securities, & Antitrust Practice Group as a part of the 2017 National Lawyers Convention titled: The Future of Antitrust: Is the Consumer Welfare Standard Still Up to the Task or Is It Time for a “Better Deal”? The panel will discuss if antitrust enforcement should encompass such concerns as income inequality, jobs, wages, data privacy, and viewpoint diversity in media, or is the consumer welfare standard’s narrower focus on prices, efficiency, and consumer choice still appropriate.
The discussion will feature the following panelists:
Would broadening antitrust’s mandate correct a rising tide of Big Tech power that threatens consumer autonomy and even our democratic system? Or would it impair efficiency, aggrandize governmental power, and undermine the rule of law? This topic is all the more timely with the antitrust scrutiny the Justice Department has exhibited for the AT&T/Time Warner merger, one of several cases this panel will likely discuss. Join the panel on Thursday, November 16 from 1:45 – 3:15 PM in the East Room of The Mayflower Hotel to entertain these questions and more as the National Lawyers Convention pursues its theme of Administrative Agencies and the Regulatory State.
Online registration ends Monday, November 13. Click here to register. Visit this site to consult the convention schedule.
A live stream feed will be available here throughout the the convention.
Richard W. Pogue Professor of Law, University of Michigan Law School
Professor Daniel Crane is the Richard W. Pogue Professor of Law. He served as the associate dean for faculty and research from 2013 to 2016. He teaches Contracts, Antitrust, Antitrust and Intellectual Property, and Legislation and Regulation.
Crane previously was a professor of law at Yeshiva University's Benjamin N. Cardozo School of Law and a visiting professor at New York University School of Law and the University of Chicago Law School. In spring 2009, he taught antitrust law on a Fulbright Scholarship at the Universidade Católica Portuguesa in Lisbon.
Crane's work has appeared in the University of Chicago Law Review, the California Law Review, the Michigan Law Review, the Georgetown Law Journal, and the Cornell Law Review, among other journals. He is the author of several books on antitrust law, including Antitrust (Aspen, 2014), The Making of Competition Policy: Legal and Economic Sources (Oxford University Press, 2013), and The Institutional Structure of Antitrust Enforcement (Oxford University Press, 2011).