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Big Tech faces broad, growing consensus about need for tougher antitrust enforcement, US DOJ's Lawrence says

( October 21, 2022, 23:30 GMT | Official Statement) -- MLex Summary: Big Tech faces a "broad and growing consensus" that tougher antitrust enforcement is needed to combat its power, and that the idea of monopolies self-correcting through market forces is erroneous, a DOJ official said today in a keynote speech at Brigham Young University. Antitrust Division Policy Director David Lawrence said there's widespread agreement about the risks created by digital markets, and also that merger enforcement has been subject to a creeping trend of requiring application of the rule-of-reason framework with demonstrated, certain effects — which goes beyond the original requirement of the law.Text of speech follows....

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