Neoliberal ideology narrowed antitrust enforcement to consumer prices alone

Evidence

The purpose of antitrust law is to maintain competition and limit monopoly power, but neoliberal ideology has narrowly defined the parameters of antitrust to concern only consumer prices, not the broader public interest, and antitrust enforcement has weakened as a result. — Andrew deWaard, Derivative Media, 461

Categorization

• DEFINE: Clarifies the specific mechanism by which antitrust law was redefined under neoliberal ideology.
• XREF: connects to: Director’s antitrust position and its shift marked a key departure from klassical liberalism — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 1114; Antitrust law’s presumptions cannot be isolated from prevailing economic theory — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 1146; Chicago neoliberals abandoned antitrust hostility to monopoly within a decade — Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin: The Making…, 1153