Competition law is a legal discipline that is particularly permeable to changes in economic and political opinions. Its application can thus hardly ignore the current tumultuous times which present us with major challenges and risks.

Recently, a popular view has emerged calling for greater competition law enforcement to pursue different objectives. Some—well intended but perhaps not fully aware of its limitations—see more aggressive enforcement as a possible solution to a major societal concern of our time, growing inequality; others simply want to challenge the status quo and directly assume that ‘big is bad.’ At the same time, and in an era of global competition, other popular views call for greater protectionism and less antitrust enforcement. The fact that popular—and in some cases populist—views of competition law lack an understanding, a vision or a...

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