Congress: Trade Commission and Consumer Welfare

congress: He's testified before Congress, participated in a symposium held by the Federal Trade Commission, and made speeches in which he's offered his own solution for how to reignite competition in the face of the power of Big Tech, according to The Independent. Whether you agree with him or not, his ideas are being taken seriously in the halls of Congress, and have helped spark a debate that could have enormous consequences. In recent years, he's also become one of the handful of economists who are trying to shake up the once-staid world of antitrust theory. What follows is a lightly edited and condensed version of a recent conversation we had about his ideas. Before we get to that, let's talk a little bit about the current antitrust standard the so-called consumer welfare standard. Joe Nocera I wanted to do this interview because you've been very vocal about ideas for preventing the big technology companies Amazon, Apple, Facebook and Google from abusing their immense power. (news.financializer.com). As reported in the news.