Antitrust Chronicle® – Competition & Innovation

Dear Readers,

At the heart of antitrust there are two fundamental, sometimes conflicting, concepts: “competition” and “innovation.” In essence, competition is the striving against others for the same prize, while innovation embodies the creation of the new and novel. Their antonyms, “complacency” and “stagnation,” represent stasis and lack of progress, the very societal ills antitrust seeks to avoid.

Clearly, without innovation, competition loses its forward momentum: it becomes