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Antitrust

Information Technology and Innovation Foundation Brings Global Antitrust Experts Together in Videoconference

Adrienne Patton

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Photo of Rob Atkinson by the WTO used with permission

March 26, 2020 – Washington groups focusing on broadband and technology policy are beginning to adapt to the all-livestream format – and recognizing some unique benefits – such a fluid global interconnectedness.

For example, in the Information Technology and Innovation Foundation’s Thursday antitrust seminar on Zoom, the group hostedSt Mary’s University Senior Lecturer in Law Aurelien Portuese  from France and Berkeley Research Group Chairman David Teece, who was in New Zealand.

While it was 4:30 in the morning in New Zealand when Teece joined, and with Portuese was tuning in during the evening, engaging in robust conversations with panelists 12 hours apart may quickly become the new normal for policy experts during the coronavirus pandemic and beyond.

Portuese and Teece teased out the shortcomings of current antitrust laws—laws that Teece deems ripe for alteration.

Antitrust is “excessively precautionary,” said Portuese.

“Clearly, this precautionary approach is dangerous,” and the innovation principles should be “embraced,” said Portuese.

Teece sees two main issues with antitrust policies in the United States and Europe. Antitrust is “excessively static and short-run, and it’s not integrated with trade policy,” said Teece.

“Innovation supports competition,” which is grossly misunderstood, argued Teece.

Consumer welfare should be examined in the long-term, said Teece.

China is only serious about global competition and economic strength, said Teece. China uses antitrust as a “tool against foreign competitors.”

Teece chastised the United States for being naïve when it comes to China.

Teece advocated a wholescale rethinking of antitrust law. Lawmakers and governments around the world have been hyper-focused on big tech recently. But big tech is still competing “vigorously” against each other, said Teece.

Competition in the “digital economy” is entirely different, and those who decry monopolies, are missing the point, said Teece.

“Antitrust is too short-term,” agreed ITIF President Robert Atkinson.

Panelists agreed that innovation is siloed, and antitrust should focus on innovation and long-term variables.

Antitrust regulators must accept “the very idea of non-evidenced efficiency gains” because “innovation is hard to demonstrate,” insisted Portuese, arguing that innovation is “subtle.”

Adrienne Patton was a Reporter for Broadband Breakfast. She studied English rhetoric and writing at Brigham Young University in Provo, Utah. She grew up in a household of journalists in South Florida. Her father, the late Robes Patton, was a sports writer for the Sun-Sentinel who covered the Miami Heat, and is for whom the press lounge in the American Airlines Arena is named.

Antitrust

Lawmakers And Newsmakers Tackle Google and Facebook Market Power

Sen. Klobuchar, Rep. Cicilline and experts discuss antitrust, big tech and local journalism.

Tim White

Published

on

Screenshot of Amy Klobuchar taken from Open Markets Institute event

March 26, 2020 – Washington groups focusing on broadband and technology policy are beginning to adapt to the all-livestream format – and recognizing some unique benefits – such a fluid global interconnectedness.

For example, in the Information Technology and Innovation Foundation’s Thursday antitrust seminar on Zoom, the group hostedSt Mary’s University Senior Lecturer in Law Aurelien Portuese  from France and Berkeley Research Group Chairman David Teece, who was in New Zealand.

While it was 4:30 in the morning in New Zealand when Teece joined, and with Portuese was tuning in during the evening, engaging in robust conversations with panelists 12 hours apart may quickly become the new normal for policy experts during the coronavirus pandemic and beyond.

Portuese and Teece teased out the shortcomings of current antitrust laws—laws that Teece deems ripe for alteration.

Antitrust is “excessively precautionary,” said Portuese.

“Clearly, this precautionary approach is dangerous,” and the innovation principles should be “embraced,” said Portuese.

Teece sees two main issues with antitrust policies in the United States and Europe. Antitrust is “excessively static and short-run, and it’s not integrated with trade policy,” said Teece.

“Innovation supports competition,” which is grossly misunderstood, argued Teece.

Consumer welfare should be examined in the long-term, said Teece.

China is only serious about global competition and economic strength, said Teece. China uses antitrust as a “tool against foreign competitors.”

Teece chastised the United States for being naïve when it comes to China.

Teece advocated a wholescale rethinking of antitrust law. Lawmakers and governments around the world have been hyper-focused on big tech recently. But big tech is still competing “vigorously” against each other, said Teece.

Competition in the “digital economy” is entirely different, and those who decry monopolies, are missing the point, said Teece.

“Antitrust is too short-term,” agreed ITIF President Robert Atkinson.

Panelists agreed that innovation is siloed, and antitrust should focus on innovation and long-term variables.

Antitrust regulators must accept “the very idea of non-evidenced efficiency gains” because “innovation is hard to demonstrate,” insisted Portuese, arguing that innovation is “subtle.”

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Antitrust

Former and Current FTC Commissioners Laud Efforts At Greater Resources For Antitrust Cases

Samuel Triginelli

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on

Screenshot of FTC Commissioner Noah Philips on C-SPAN in November 2018

March 26, 2020 – Washington groups focusing on broadband and technology policy are beginning to adapt to the all-livestream format – and recognizing some unique benefits – such a fluid global interconnectedness.

For example, in the Information Technology and Innovation Foundation’s Thursday antitrust seminar on Zoom, the group hostedSt Mary’s University Senior Lecturer in Law Aurelien Portuese  from France and Berkeley Research Group Chairman David Teece, who was in New Zealand.

While it was 4:30 in the morning in New Zealand when Teece joined, and with Portuese was tuning in during the evening, engaging in robust conversations with panelists 12 hours apart may quickly become the new normal for policy experts during the coronavirus pandemic and beyond.

Portuese and Teece teased out the shortcomings of current antitrust laws—laws that Teece deems ripe for alteration.

Antitrust is “excessively precautionary,” said Portuese.

“Clearly, this precautionary approach is dangerous,” and the innovation principles should be “embraced,” said Portuese.

Teece sees two main issues with antitrust policies in the United States and Europe. Antitrust is “excessively static and short-run, and it’s not integrated with trade policy,” said Teece.

“Innovation supports competition,” which is grossly misunderstood, argued Teece.

Consumer welfare should be examined in the long-term, said Teece.

China is only serious about global competition and economic strength, said Teece. China uses antitrust as a “tool against foreign competitors.”

Teece chastised the United States for being naïve when it comes to China.

Teece advocated a wholescale rethinking of antitrust law. Lawmakers and governments around the world have been hyper-focused on big tech recently. But big tech is still competing “vigorously” against each other, said Teece.

Competition in the “digital economy” is entirely different, and those who decry monopolies, are missing the point, said Teece.

“Antitrust is too short-term,” agreed ITIF President Robert Atkinson.

Panelists agreed that innovation is siloed, and antitrust should focus on innovation and long-term variables.

Antitrust regulators must accept “the very idea of non-evidenced efficiency gains” because “innovation is hard to demonstrate,” insisted Portuese, arguing that innovation is “subtle.”

Continue Reading

Antitrust

House Committee Hears of Big Tech’s Alleged Anticompetitive Behavior in New Hearing

Samuel Triginelli

Published

on

Photo of House Antitrust Subcommittee Chairman David Cicilline at the Thursday hearing

March 26, 2020 – Washington groups focusing on broadband and technology policy are beginning to adapt to the all-livestream format – and recognizing some unique benefits – such a fluid global interconnectedness.

For example, in the Information Technology and Innovation Foundation’s Thursday antitrust seminar on Zoom, the group hostedSt Mary’s University Senior Lecturer in Law Aurelien Portuese  from France and Berkeley Research Group Chairman David Teece, who was in New Zealand.

While it was 4:30 in the morning in New Zealand when Teece joined, and with Portuese was tuning in during the evening, engaging in robust conversations with panelists 12 hours apart may quickly become the new normal for policy experts during the coronavirus pandemic and beyond.

Portuese and Teece teased out the shortcomings of current antitrust laws—laws that Teece deems ripe for alteration.

Antitrust is “excessively precautionary,” said Portuese.

“Clearly, this precautionary approach is dangerous,” and the innovation principles should be “embraced,” said Portuese.

Teece sees two main issues with antitrust policies in the United States and Europe. Antitrust is “excessively static and short-run, and it’s not integrated with trade policy,” said Teece.

“Innovation supports competition,” which is grossly misunderstood, argued Teece.

Consumer welfare should be examined in the long-term, said Teece.

China is only serious about global competition and economic strength, said Teece. China uses antitrust as a “tool against foreign competitors.”

Teece chastised the United States for being naïve when it comes to China.

Teece advocated a wholescale rethinking of antitrust law. Lawmakers and governments around the world have been hyper-focused on big tech recently. But big tech is still competing “vigorously” against each other, said Teece.

Competition in the “digital economy” is entirely different, and those who decry monopolies, are missing the point, said Teece.

“Antitrust is too short-term,” agreed ITIF President Robert Atkinson.

Panelists agreed that innovation is siloed, and antitrust should focus on innovation and long-term variables.

Antitrust regulators must accept “the very idea of non-evidenced efficiency gains” because “innovation is hard to demonstrate,” insisted Portuese, arguing that innovation is “subtle.”

Continue Reading

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