Effective competition and competition policy can aid economic recovery
Protectionism has to be resisted
- Relaxing, suspending, or eliminating competition policy during an economic crisis can inadvertently harm consumers and producers by lowering efficiency and slowing, rather than promoting economic recovery.
- History demonstrates that the costs of restrictions on competition are both substantial, and extremely difficult to remove or reverse.
- More effective competition and competition policy should be part of the solution to make markets work better in the future