Competition policy and antitrust law are experiencing a global renaissance. New market realities such as digital market gatekeepers, the financialization of firms, highly concentrated markets, a rising labor movement, industrial policy, and trade wars, among others, are radically reshaping how this policy area is understood and applied.
Sustainability concerns have also been a driving force for reconstituting antitrust to meet twenty-first century challenges. It is now widely accepted that competition policy – both its aims and its enforcement – has wider societal impacts beyond competition, including effects on democracy, economic inequality, growth and innovation, racial and gender imbalances, privacy, geopolitical implications and more. Its effects on the environment can also no longer be ignored.
Sabin Center for Climate Change Law
Columbia Center on Sustainable Investment & Sabin Center for Climate Change Law,
Antitrust and Sustainability: A Landscape Analysis,
Available at: https://scholarship.law.columbia.edu/sustainable_investment/18