Antitrust measures should prioritize consumer welfare from "summary" of The Antitrust Paradox by Robert Bork
Antitrust measures must be aimed at enhancing consumer welfare. This principle is the cornerstone of a successful antitrust policy. The goal should be to protect competition, not competitors. When competition is robust, consumers benefit from lower prices, higher quality products, and greater innovation. This is the ultimate objective of antitrust enforcement. By focusing on consumer welfare, antitrust measures can avoid unintended consequences. If the goal is to protect competitors rather than promote competition, the result may be higher prices and reduced innovation. The interests of consumers should always come first in antitrust analysis. Antitrust enforcement should be based on economic principles rather than arbitrary rules. The focus should be on whether a particular practice harms consumer welfare or enhances competition. This approach provides clarity and predictability, allowing businesses to understand what is expected of them. Antitrust measures should be guided by empirical evidence rather than speculation or theory. Policymakers must carefully consider the effects of their actions on consumer welfare. This requires a thorough understanding of market dynamics and the potential impact of antitrust enforcement.- Antitrust measures should prioritize consumer welfare above all else. By focusing on enhancing competition and protecting consumers, policymakers can ensure that antitrust enforcement is effective and beneficial. This approach promotes economic growth, innovation, and consumer choice. Ultimately, the goal of antitrust policy should be to benefit consumers and promote a competitive marketplace.
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