This episode of What’s Ahead warns that a torrent of antitrust initiatives is coming and reveals why investors had better be concerned.
For instance, Big Tech has an awful odor, thanks to a politically lethal combination of abuse and arrogance. But the proffered remedies, such as busting them up, would do real harm to equity values and product innovation. The original trustbuster himself, Teddy Roosevelt, admonished that size in and of itself is not bad.
The Biden Administration and regulatory agencies that are now dominated by Democrats will be pushing schemes on how they think companies and industries should be managed, a fatal form of backseat driving that will drive up prices and create shortages.
When it comes to this kind of antitrust, less would be more.