A federal district court judge’s dismissal of the Federal Trade Commission’s antitrust lawsuit brought against Facebook is graphic evidence that antitrust laws are not sufficient to protect consumers and competition in the digital age. We need a regulatory plan that is more agile and timely than relying on antitrust enforcement as the principal solution.

Yes, antitrust enforcement is important, but it is not the panacea for all the abuses in the digital marketplace. There are three reasons why solely relying on antitrust solutions is a mistake. First, it is backward-looking and after-the-fact. Second, enforcement focuses on a specific occurrence rather than creating a general set of behavioral expectations for dominant digital companies. Third, it is slow, uncertain, and has been systematically diminished by 40 years of conservative court decisions. Taken together, these factors explain why current efforts are completely…

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