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Featured: Congress Must Prevent a Merger
Free-For-All
When Congress began debating the economic response to the coronavirus crisis, Economic Liberties advocated for a People First, Corporations Later approach. Now that the Federal Reserve is supplying more than $4 trillion in few-strings-attached credit to large corporations — while smaller businesses across the country struggle to access enough support to stay afloat — we’ve been calling on Congress to impose a merger moratorium.
Economic Liberties’ Executive Director Sarah Miller made the case in a new piece out today in The Appeal, highlighting new polling with Data for Progress that shows overwhelming, bipartisan support for a merger moratorium. And today, Senator Warren and Representative Ocasio-Cortez have released a bill — the Pandemic Anti-Monopoly Act — that would do just that.
The Latest:
Bailout Basics. Economic Liberties released our first Quick Take to answer the progressive community’s questions about the Federal Reserve’s role in structuring our economy and what we can expect from the CARES Act bailouts.
A Conversation With Senator Cardin. Economic Liberties, in partnership with the American Sustainable Business Council, hosted a virtual event featuring Senator Ben Cardin, Ranking Member of the Senate Small Business Committee, to discuss how best to support entrepreneurs and small businesses during the coronavirus crisis.
A Coordinated Effort to Push Back Against Platforms’ Pandemic PR. Together with 18 progressive groups, Economic Liberties launched the Freedom From Facebook and Google coalition to push back against the corporations’ pandemic PR. Economic Liberties’ ED and coalition Co-Chair Sarah Miller spoke to Protocol, Business Insider, and C-SPAN about the effort.
Will Amazon Be Held Accountable? After The Wall Street Journal released new reporting finding that Amazon has been stealing trade secrets from independent sellers, Economic Liberties’ ED Sarah Miller talked to Politico about why Congress must investigate whether Amazon’s Associate General Counsel Nate Sutton lied when he testified last July. Representative Pramila Jayapal, who questioned Sutton, highlighted Economic Liberties’ concerns.
Monopoly’s Impact on Media Diversity. Director of Research Matt Stoller published a long read in The American Prospect on how Comcast’s rise from a small Pennsylvania company to a massive media monopoly has undermined Black-owned media businesses and suppressed cultural diversity.
How Neoliberalism Manifests in Bureaucracy. Economic Liberties’ Director of Special Projects Kalen Pruss made the case for dismantling the Office of Information and Regulatory Affairs (OIRA) as part of The American Prospect’s Policy Roundtable on “The Future of the Regulatory State,” detailing how OIRA stands in the way of progressive policies.
News from Around the Network:
Addressing Amazon’s Power. The New York Times profiled the Institute for Local Self-Reliance’s Co-Director Stacy Mitchell, one of the key architects in the fight against Amazon’s monopoly power, in a long piece on the state of the Amazon resistance.
We're Hiring!
We’re looking for a Director of Advocacy for our sister 501(c)4 organization, Economic Liberties Action. You’ll contribute to the development and execution of strategies and partnerships to draw attention to the harms of the most powerful corporations and their efforts to influence and control political outcomes. Apply here.
Website: www.economicliberties.us
Twitter: @econliberties
American Economic Liberties Project
1150 Connecticut Ave NW, Ste. 800
Washington, DC 20036
United States
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