The Future of Antitrust Lawyers
The first question that comes to mind is, what are antitrust lawyers? Antitrust lawyers work with big companies. These companies might grow very fast or go through a merger. As a result, they monopolize their industry. The YouTube video “Google, Facebook, Amazon, And The Future of Antitrust Laws” makes pertinent points about this topic.
Monopoly Is the Name of the Game
Certain companies seek monopoly outright. It gives them more power over their respective industry. These companies want to fix prices and regulate their industry. The government and previous lawmakers designed antitrust laws to prevent this from happening. So what could be wrong with having an absolute monopoly in an industry? Simple. There’s no competition. Competition brings prices down. It also helps the economy to grow. There are, however, instances where companies grow naturally. They may not intend to monopolize. Yet, they do, and monopolization makes it difficult for smaller companies to get in.
Governments are fighting to prevent this from happening. Thus, there might not be a need for antitrust lawyers. That’s because the purpose of an antitrust lawyer is to help companies during mergers. They navigate national and international laws. The enforcement of antitrust laws may eradicate the need for antitrust lawyers.