Hi Friend,

 

At 1:30pm ET today, President Biden will announce a new Executive Order to address concentrated corporate power and encourage fair competition across the economy.

 

Designed to make every part of the executive branch — including, but not limited to, antitrust enforcers — focused on the problem of abusive corporate power, the Executive Order includes 72 action items to promote fair competition and access to markets in sectors ranging from agriculture to airlines to internet service providers to medical devices. It marks the start of whole-of-government effort to unlock the full potential of the millions of innovators, producers, and working people that form the bedrock of America’s economic strength and dynamism. And it helps protect Americans from price-gouging monopolists.

 

It’s hard to overstate the significance of today’s EO. Beyond the specific policy directives, this EO represents a reorientation away from 40 years of largely unchallenged, bipartisan policy consensus that promoted corporate concentration at the expense of entrepreneurs, smaller and medium-sized businesses, working people, and consumers. With today’s Executive Order, along with President Biden’s appointment of Lina Khan as Chair of the Federal Trade Commission and his work to end global COVID vaccine monopolies at the World Trade Organization, President Biden is turning the page on a dominant strain of economic thought — that concentrated corporate power is generally efficient — to state unequivocally that it is instead incompatible with broad-based prosperity and a resilient democracy.

 

At Economic Liberties, we’re celebrating this milestone — and we’d encourage you to too. 

And if you’re interested in learning more, we have just the resources you need: 

 

Confronting America’s Concentration Crisis: A Ledger of Harms and Framework for Advancing Economic Liberty for All

 

The Other Red Tape: Market Concentration and The Rise of Private Gatekeepers

 

The Courage to Learn: A Retrospective on Antitrust and Competition Policy During the Obama Administration and Framework for a New Structuralist Approach

 

Democratizing Markets: How the Biden Administration Can Advance an Antitrust and Competition Policy Agenda for Working People, Independent Businesses and Resilient Communities

 

Thank you, 

 

Sarah Miller

 

P.S. The Executive Order also creates a White House Competition Council, led by the Director of the National Economic Council, to facilitate the federal government’s ongoing response to rising corporate concentration. For entrepreneurs and businesspeople who want to stay on top of opportunities to engage with policymakers, join Economic Liberties’ Access to Markets initiative here.

 

 

American Economic Liberties Project
1150 Connecticut Ave NW
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Washington, DC 20036
United States

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