Bob Dylan and consumer welfare
Partner Alec Burnside spoke at Oxford University’s Centre for Competition Law and Policy during a conference examining “Online Markets and Offline Welfare Effects – The Internet, Competition, Society and Democracy”.
In remarks entitled "Bob Dylan and consumer welfare", Mr. Burnside opened the day’s discussions by challenging the obsession with price as the prime concern for antitrust enforcers. Consumers “pay” for internet services through disclosure of their personal information – often unwittingly – but with no monetary price. The internet brings vast benefits, but with consequences for values that matter to citizens and to the social fabric, indeed democracy itself.
The times they are a changin’ and Mr. Burnside argues for antitrust to move with the times and to address the issues of the moment.