What I took from the last panel discussion was,
that there is a lot of smart people giving a lot of thought
to how to deal with non-price effects in an antitrust analysis.
How to factor those into an analysis and something that I took away from it as well
is a recognition that those issues aren’t easy,
they are complex and that people have to proceed cautiously
because the risks of making a wrong move can be serious.
I think increasingly a larger and larger measure of economic activity is taking place
in non-traditional industries so in the digital space, the internet space.
And the pace of change there is a serious challenge frankly for agencies, policy makers
and governments to deal with because the instrumentalities
for dealing with those things aren’t designed to move at the pace that
a huge chunk of the economy is moving.