Title
ANTITRUST, INNOVATION AND
INTELLECTUAL PROPERTY
Author
Anne K. Bingaman, Assistant Attorney General
Antitrust Division
U.S. Department of Justice
Date
3/18/2015
(Original Publish Date: 10/7/1994)
(Original Publish Date: 10/7/1994)
Abstract
The U.S. economy today -- recently recognized by the World Economic Forum in Geneva as the world's most competitive -- is the most dynamic, creates the most jobs and produces the highest level of innovation precisely because we as a nation committed long ago to a policy of vigorous but sound antitrust enforcement. Moreover, I believe that antitrust enforcement will be as essential to innovation and economic growth in the 21st century as it has been in the 20th -- and that intelligent antitrust enforcement is a critical component of the fight to keep America competitive in high-tech markets. The fact that the pace of technological innovation is constantly accelerating makes it more, rather than less, important to sustain the right balance between reward and rivalry. The reality is that fear of being left behind is more likely to spur innovation than is complacency bred of stable market power.