Since 1992, U.S. GDP increased from $6.5T to $25.5T. Why would the @FTC & @TheJusticeDept want to take the #MergerGuidelines back to the concentration thresholds from 30 years ago, when the economy looked vastly different?

See CCIA’s statement: https://ccianet.org/news/2023/07/ccia-statement-in-response-to-newly-proposed-merger-guidelines/

New draft #MergerGuidelines would take concentration thresholds back to 1992. Seismic shifts in the size & structure of the US economy should be a signal to regulators that competition rules should reflect the reality of modern market dynamics – not the economy of 30 years ago.

Turning back the clock on #MergerGuidelines to match 1992 concentration thresholds completely ignores the impact of the multi-trillion dollar #digital economy.

The @FTC & @TheJusticeDept are taking the U.S. #MergerGuidelines back in time. #Antitrust rules should be based on the current economic ecosystem – not the economy of the late 20th century, which had yet to realize the benefits of the world’s most successful #tech sector.

Meanwhile, #LinaKhan, the #DoJ and the #FTC are taking steps to halt the economic side of enshittification, publishing new #MergerGuidelines that will ban the kind of anticompetitive merger that let Big Tech buy its way to glory:

https://www.theatlantic.com/ideas/archive/2023/07/biden-administration-corporate-merger-antitrust-guidelines/674779/

The internet doesn't have to be enshittified, and it's not too late to disenshittify it.

28/

Biden widens war on junk fees, says US consumers tired of being treated as 'suckers'

https://www.reuters.com/world/us/white-house-expands-war-junk-fees-rental-housing-unveils-new-merger-guidelines-2023-07-19/

#BidenJunkFees #USConsumers #WhiteHouse #RentalHousing #MergerGuidelines #TiredOfBeingTreatedAsSuckers #Politics #News

Gizmodo: Biden Administration Updates Guidelines on Busting Up Monopolies https://gizmodo.com/biden-updates-guidelines-on-mergers-and-acquisitions-1850654843 #unitedstatesantitrustlaw #westhollywoodcalifornia #federaltradecommission #mergersandacquisitions #jacquelinescottcorley #videogamepublishers #activisionblizzard #mergerguidelines #merrickbgarland #jacquelinescott #competitionlaw #ticketmaster #monopolies #livenation #microsoft #linakahn #bigtech #biden