Summers Warns on ‘Hipster Antitrust’ Push Eyeing Private Equity

Former Treasury Secretary Lawrence Summers said he’s concerned about a populist tilt among US antitrust regulators, including comments this week that disparaged private equity, warning that the trend could prove harmful to the economy.

“It’s very important that we have antitrust policy based on facts, based on economic science, based on consumers -- not on a kind of generalized feeling of hostility and outrage towards business,” Summers told Bloomberg Television’s “Wall Street Week” with David Westin. “I’m frankly worried about that.”