Lina Khan’s Antitrust Policy Is Conservative: Matthew Yglesias

Antitrust policy is having a moment. Led by Federal Trade Commission Chair Lina Khan, President Joe Biden’s administration is turning its attention to suspect activity not only in Big Tech and Big Oil, but also in Big Alcohol, Big Hotel and Big Concert. The rationale for this new push, however, is ambiguous: Is antitrust law a tool to protect consumers from higher prices, or to defend small businesses against big ones?

The implications of the answer are more than theoretical. One approach to antitrust is shiny and new and has won Khan praise from both the left and ...