There But for the Grace of God

The recent hearings on digital markets rest upon the assumption that these markets exhibit unique attributes that the current version of the antitrust laws cannot address. Specifically, proponents of revising the antitrust laws argue first, that there are unique competitive issues with digital markets that are likely to entrench dominant firms and retard innovation; second, that digital markets are not behaving in a compet-itive manner; and third, the antitrust law