June 2018, Year X, n. 6
Mark Leddy
The Competition Lawyer
Telos: What is the role of competition enforcement and policy in the economy?
Mark Leddy: Much of the 20th century was consumed with the struggle between the market economies of the west and the centrally-planned economies of the Soviet Union, China, and their respective satellites. In centrally-planned economies, resources are allocated through a government planning process that determines which products are produced, their price, and the method of distribution and consumption. In a market economy, society’s resources are allocated through the price mechanism and by the efforts and decisions of economically and politically free market participants to produce what consumers want ...more
Editorial
2001 GE–Honeywell merger approved in the US
2001 Rejected by the European Commission
2011 NYSE–Deutsche Börse merger approved in the US
2012 Rejected by the European Commission
2016 Merger of AT&T–Time Warner approved by the European Commission
2017 US Department of Justice blocks merger
On 12 June 2018 federal judge Richard Leon approved the AT&T–Time Warner merger after a nail-biting trial, lasting weeks. ‘We are disappointed in the court’s decision today. We will closely review the court’s opinion and consider next steps,’ said Makan Delrahim, US Assistant Attorney General of the DOJ’s Antitrust Division: by far the most powerful antitrust agency in a system such as that of the US, where antitrust law is mainly applied through the courts ...more
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