"Antitrust needs an overhaul. So cry neo-Brandeisians, who urge a crackdown on industrial concentration. To the alarm of mainstream antitrust thinkers, the critics have found traction. Hostility to modern competition policy, however, did not arise in a vacuum. This polarized era has seen...

Industrial consolidation, digital platforms, and changing political views have spurred debate about the interplay between public and private power in the United States and have created a bipartisan appetite for potential antitrust reform that would mark the most profound shift in US competition...