In recent years, a new populist movement in antitrust law has been labeled “hipster antitrust,” and its proponents include prominent members of Congress including Senators Bernie Sanders and Elizabeth Warren. These would-be antitrust revolutionaries oppose using the consumer welfare standard of Judge Bork as the sole policy interest of antitrust law, and instead argue that antitrust law should be used to solve a myriad of far-reaching issues such as income inequality, redistribution of wealth, and political power. Proponents further contend that an overhaul of antitrust law could be used to curb the power and influence of vast companies such as Amazon, Facebook, and Google. Are such companies truly becoming too expansive and powerful? Is an overhaul of antitrust law, or revisiting the consumer welfare standard, a necessary or even desirable step in response to such powerful companies? Panelists: -Deb Garza, Partner, Covington & Burling LLP -Diana Moss, President, American Antitrust Institute -Hon. Noah Phillips, Commissioner, Federal Trade Commission -Hon. Joshua Wright, Executive Director, Global Antitrust Institute, Antonin Scalia Law School -Moderator: Judge Douglas Ginsburg, United States Court of Appeals, District of Columbia.
A Conference Celebrating the 40th Anniversary of the Honorable Judge Robert Bork's book "The Antitrust Paradox" took place on June 22nd at the Capitol Hill Club in Washington, DC.
Welcome & Opening Remarks:
Dean Reuter, General Counsel | Vice President & Director, Practice Groups, The Federalist Society
Hon. Makan Delrahim, Assistant Attorney General, Antitrust Division, Department of Justice
As part of our 25th Anniversary celebration the Federalist Society presented a full-day Conference on June 26, 2007, honoring Judge Robert H. Bork and his contributions to the law.