Historically, Americans have joined together across party lines to contain political corruption by containing monopolies. It’s a lesson we need to learn again. Anti-monopoly policies that de-concentrate business prevent excessive concentrations of economic power so that democracy and freedom can flourish.
The Open Markets Institute applauds the House Armed Services Committee, Congressman Ro Khanna, and Congresswoman Jackie Speier, for passing amendments to crack down on defense contractor monopolists, as part of debate over the National Defense Authorization Act.
Open Markets Institute strongly applauds the House Judiciary Committee’s announcement yesterday that it is launching a bipartisan “top-to-bottom” antitrust investigation of Silicon Valley’s biggest tech monopolies.
American capitalism used to mean economic equality and security. When I mention this in speeches or talks today, this observation prompts laughter, or outright disbelief. But it’s true. Americans used to believe economic equality was foundational to our political system. That America—at least for those considered citizens—carried with it an implicit promise of rough commercial equality. How did this notion change so radically?
In a feature published in the Washington Monthly, Open Markets’ Policy and Editorial Director Phil Longman draws attention to the mounting problem of price discrimination on the internet. Corporations are wringing every penny from your purchases by offering you unique prices and terms service based on their surveillance of your personal online data.
NBC News’ Benjy Sarlin reports on how the 2020 presidential contenders are taking up the anti-monopoly call saying market concentration is harming the American economy. He interviews Open Markets Deputy Director Sarah Miller who says “we’re really seeing antitrust have a breakout moment.”