The politicisation of antitrust enforcement
For decades America and Britain have told the world that for a competition-law regime to be effective and legitimate, it must be insulated from political interference, not least when it comes to how agencies use their powers. Recent events in both countries have undermined this fundamental precept.
In January the British government fired Marcus Bokkerink, the chair of the Competition and Markets Authority (CMA), the country’s principal antitrust regulator, by having an official tell him that a statement would be issued the next day saying he had resigned. In February America’s Department of Justice announced that it would not defend longstanding Supreme Court precedent that protects members of federal regulatory agencies from removal except for good cause.… Seguir leyendo »