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A Right to Compete: Are Monopolies Crushing Entrepreneurship?

October 11, 2018  |  The Marriott Metro Center 775 12th St NW Washington, DC 20005 8:15 am to 3:00 pm

Note: To watch all videos of the event, click on the top left icon of the video player, and choose another video there. For more help, email [email protected]

 

Featuring:

Senator Shelley Moore Capito (R-WV) 

Senator Cory Booker (D-NJ)

Senator Mark Warner (D-VA) 

Commissioner Robert Jackson, Securities and Exchange Commission 

At its best, the United States is home to entrepreneurs who lead the world in innovation, and to the most developed and diverse sources of investment capital anywhere. But today America’s business community is in a crisis. Entrepreneurship is at a forty year low and startups are closing their doors faster than any time in 50 years. Even for those that succeed, the biggest corporations increasingly set the rules for innovation.

Open Markets Institute and Village Capital hosted a conference on Thursday, October 11 called “A Right to Compete: Are Monopolies Crushing Entrepreneurship?” We heard from leading entrepreneurs and policymakers, as well as community leaders, researchers, and advocates, about the declining right to compete in America. The full-day conference detailed the nation’s declining economic dynamism, identified the source of the problem in anticompetitive practices, and discussed solutions to support a resurgence of the American entrepreneur.

Participants also discussed some of the larger social and economic effects of the sharp decline in entrepreneurship, including the dangers posed to investors and the broader economic, political, and material well-being of Americans.

 

Welcome
Ross Baird, President, Village Capital, and author of The Innovation Blind Spot
Barry Lynn, Executive Director, Open Markets Institute, and author of Cornered: The New Monopoly Capitalism and the Economics of Destruction

Remarks Watch Here
Senator Shelley Moore Capito, introduction by Ross Baird

Remarks Transcript
Victor Hwang, Vice President of Entrepreneurship, Ewing Marion Kauffman Foundation, introduction by Ross Baird

In Their Own Words: Entrepreneurs and the Declining Right to Compete Watch Here
Lillian Salerno, co-founder and former COO of Retractable Technologies, and former Deputy Under Secretary for Rural Development, USDA
Rodney Foxworth, Jr., Executive Director, Business Alliance for Local Living Economies
Mike Callicrate, Owner, Ranch Foods Direct
Alex Laskey, President and Founder, OPOWER
moderated by Victor Hwang

Remarks Transcript | Watch Here
Senator Mark Warner, introduction by Ross Baird

Remarks Transcript | Watch Here
Commissioner Rob Jackson, introduction by Sarah Miller, OMI Deputy Director

Remarks  Transcript | Watch Here
Senator Cory Booker, introduction by Marcellus Andrews, OMI Board Chair

Remarks Watch Here
Rana Foroohar, global business columnist, The Financial Times, and author of Makers and Takers: The Rise of Finance and the Fall of American Business 
introduction and moderated Q&A with Barry Lynn

Solutions: Addressing Monopoly Power’s Role in Entrepreneurship’s Decline Watch Here
Barry Lynn
Stacy Mitchell, Co-Director, Institute for Local Self-Reliance, and author of Big Box Swindle
John Lettieri, Co-Founder and President, Economic Innovation Group
Ebony Pope, Director of U.S. Ventures, Village Capital
moderated by Jim Tankersley, Tax and Economics Reporter, The New York Times

 

Image by Steve Johnson via Pexels.

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In America today, wealth and political power are more concentrated than at any point in our country’s history.

The Open Markets Institute, formerly the Open Markets program at New America, was founded to protect liberty and democracy from these extreme -- and growing -- concentrations of private power.

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