Democrats say they want to go after monopoly power. Here’s why that’s a great idea.
July 27, 2017
[Commentary] The part of the Democrats’ Better Deal plan that I find most interesting is the piece that would push back on monopolistic corporate power. The broad outlines of the plan are to:
- Prevent big mergers that would harm consumers, workers, and competition.
- Require regulators to review mergers after completion to ensure they continue to promote competition.
- Create a 21st century ‘Trust Buster’ to stop abusive corporate conduct and the exploitation of market power where it already exists.
If Democrats truly get back to trustbusting, they will be making a powerful, progressive statement about what and for whom they really stand.
[Jared Bernstein, a former chief economist to Vice President Biden, is a senior fellow at the Center on Budget and Policy Priorities]
Democrats say they want to go after monopoly power. Here’s why that’s a great idea.