PIPA.

PIPA. 50 years ago, a movement that came to be known as the new right embraced, as part of its

reform agenda, the Chicago School of Antitrust and the Consumer Welfare Standard.

A more rational antitrust policy became one of the hallmarks and greatest, most lasting

successes of the Reagan Revolution. For decades, Chicago school principals have defined

American antitrust law. In recent years, that consensus

has come under sustained pressure from multiple directions. The Biden administration's

antitrust regulators, often described as neo-brandizians, mounted a challenge from the left. Now, under the Trump administration,

a new generation of conservative antitrust officials is attacking from the right. Live long enough,

and all that was new becomes old. And for that matter, much that was old becomes new. Today,

New Wright describes not the conservatives of the Chicago school, but rather the conservatives who

seek to displace it. What does this new, new right want?

Is it advancing a coherent philosophy?

Or, as my guest today writes, is its most distinctive feature going to be the use of its enforcement authority to procure deals that advance conservative causes even when the law does not require it.

Welcome back to the Tech Policy Podcast. I'm Corbyn Barthold. I'm most pleased to welcome to the show,

Professor Tom Lambert, the wall chair in corporate law and governance at the University

of Missouri School of Law.

Tom wrote a great article in pro-market, New Right versus Conservative Antitrust, which will ground

our conversation.

Tom, welcome, sir. Thank you, Corby. It's a real pleasure to be on this

podcast. I've enjoyed listening to it in the past, and I'm a really honor to have been invited to

talk with you. I should have also mentioned your book in the opening, Tom, how to regulate,

...