Democracy and Markets: A Plea to Nurture the Link

Democracy and Markets: A Plea to Nurture the Link

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Description

Democracy requires markets, just like democracy requires free speech. For many years the US antitrust laws appreciated the link and caselaw acknowledged it, but those traces have all but disappeared from US antitrust caselaw today. The European Union embeds democratic values, and its competition law reinforces them with principles of openness and access. Transitional and developing countries acknowledge the link in attempting to root out economic control by vested interests and privileged enterprises. The surge of nationalism in the world today threatens democratic principles economically and politically, increasing the importance of nurturing the link between democracy and markets.

Source Publication

Frédéric Jenny: Standing Up for Convergence and Relevance in Antitrust, Liber Amicorum

Source Editors/Authors

Nicolas Charbit, Sonia Ahmad

Publication Date

2018

Volume Number

1

Democracy and Markets: A Plea to Nurture the Link

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