The Political Instrumentalization of Competition and Antitrust Enforcement
Ariel Ezrachi highlights the growing tendency to use competition and antitrust enforcement as political tools and warns about the potential harm this trend could bring to market integrity and policy credibility.
About Ariel Ezrachi
Ariel Ezrachi is the Slaughter and May Professor of Competition Law and Director of the University of Oxford Centre for Competition Law and Policy. He also serves as co-editor-in-chief of the Journal of Antitrust Enforcement published by Oxford University Press.
Publications
- How Big-Tech Barons Smash Innovation (2022, HarperCollins)
- Competition Overdose (2020, HarperCollins)
- Virtual Competition – The Promise and Perils of the Algorithm Driven Economy (2016, Harvard University Press)
Trends in Competition Law
In the past decade, competition law enforcement has gained prominence across the European Union, United States, United Kingdom, and other regions. With more than 125 competition agencies operating globally, enforcement has significantly influenced the way markets and businesses behave.
“Competition law enforcement has taken center stage in the last decade, driven by high-profile actions worldwide.”
Complexities and Convergence
Despite ongoing debates about the proper scope of competition law and the differing priorities of national enforcement agencies, a notable convergence in approaches has emerged. Yet, inconsistencies remain, shaped by economic contexts, legal environments, and competing theories of harm.
“Some inconsistencies in analysis are unavoidable due to differing economic and legal contexts as well as various theories of harm.”
Author’s summary: Political use of competition enforcement is increasing, posing challenges to fairness, consistency, and market credibility in global regulation.
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