In today’s complex business environment, being a CEO is akin to playing one-dimensional chess. Markets and supply chains are constantly disrupted by global conflicts, financial markets remain volatile, and AI is transforming industries at a breakneck pace, not to mention the shifting political winds and declining public trust in institutions.

Despite these complexities, the Biden administration is embracing a Neo-Brandeisian approach to antitrust that is stubbornly one-dimensional: breaking up large companies without consideration of context and repercussions.

The latest target in this naïve program? Live Nation.

The recent case filed by Department of Justice (DOJ) exemplifies the administration’s tendency to view company breakups as a panacea for perceived market ills. The DOJ argues that Live Nation’s integration of concerts, event venue ownership, talent agencies and ticketing creates barriers to competition and enables the company to engage in unfair practices. The DOJ believes that spinning off Ticketmaster, which Live Nation acquired nearly 15 years ago, and Live Nation’s concert venues will foster a more competitive market.

History suggests otherwise. Let’s take a step back and revisit two........

© The Hill