Furthermore, the new antitrust movement has the weight of evidence on its side so far. Wright et al.’s defense of the consumer-welfare standard -- the idea that only consumer prices should be considered in antitrust cases -- is weak, especially given recent research indicating the importance of market power in holding down wages. Nor can the mounting evidence of correlation between industrial concentration and a variety of negative market outcomes be dismissed out of hand simply because causality is inherently hard to prove.
In other words, the new antitrust movement has only begun to fight.
This story provided by Bloomberg News.