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Jake Auchincloss: “The American system of regulation is not fit for purpose…”

Featuring: Jake Auchincloss, Democratic | U.S. House Massachusetts, District 4

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Treating cost disease with Congressman Jake Auchincloss

Published | Video Starts at 52:38

I believe in market's ability to allocate resources. I believe in free enterprise, and I would not want to adopt the European system of tech regulation. What I would say though is that The American system of regulation is not fit for purpose either because it is focused on antitrust. fundamentally, which is to say, you know, is your scale preventing you or rather giving you the ability to raise prices on consumers? (52:38–52:46)

CLAIM

Asserts that the U.S. regulatory system is inadequate due to its focus on antitrust.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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