From Katie Porter <[email protected]>
Subject Competition is central to capitalism
Date December 19, 2022 9:21 PM
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[ [link removed] ]Katie Porter for Congress

Competition is central to capitalism. Without competition, prices go up,
wages drop, and innovation stalls. 

The meat and poultry industry exemplifies what happens when competition
decreases. Just four companies control 85% of the beef industry. And while
we’ve all seen rising meat prices, large meat companies have reported
rapidly growing record profits in the billions.

I’ve spoken out against many recently proposed mergers—from grocery stores
to airlines—that would mean even fewer choices and higher prices for
families. And in markets that have already been consolidated: I’ve
introduced legislation to end taxpayer subsidies for Big Oil companies and
stop Big Pharma from price gouging.

Capitalism needs guardrails so that we have a strong, stable, globally
competitive economy that supports workers and families. 

To help me stand against mergers that will lead to higher prices and fewer
choices, sign our petition. 

[ [link removed] ]Add your name ›››

Thanks for being on Team Porter.

Katie


 


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