Today, I would like to discuss data and the role of antitrust enforcement in promoting competition in the myriad industries which make use of it. It is important in thinking about the appropriate role of antitrust enforcement to distinguish between competing for the market and competing within the market. What do I mean by this distinction? I recall the day several years ago when a few St. Albans high school graduates met with me to discuss their idea for a different kind of company. Rather than compete within the existing market for the distribution of news, those young entrepreneurs took aim at competing for a new type of market by launching a new type of subscription service, which they named The Capitol Forum. In other words, when I talk about competition for the market, I am talking about dynamic competition—competition to innovate and to provide consumers with new products and services.
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