Key Takeaways 1

Introduction 2

Convergence and Divergence Between U.S. and EU Antitrust 5

Reconvergence: The Brussels Model and U.S. Antitrust Populists 6

An Inconvenient Fact for the Brussels Model 7

The Overlooked Error Costs of “Big is Bad” Antitrust 9

Why Big Is Sometimes Good 9

Are Digital Platforms Really Different? 10

Why Interventionist Antitrust Is Self-Defeating 11

The End of the “End of History” in Antitrust 12

Endnotes 14