Trade & National Security

Public policies that affect the terms of trade with other nations, including tariffs, have profound effects on the structure of markets, ranging from unwarranted protection for domestic monopolies to the promotion of transnational trading companies that exploit labor, evade environmental standards, and create dangerously overextended supply channels. At the same time trade policy plays an important role in strengthening or weakening America’s geopolitical position in the world, making trade, competition policy, and national security intrinsically linked.

America’s Monopoly Crisis Hits the Military

Date Published: June 27, 2019

Open Markets Senior Fellow Matthew Stoller and Lucas Kunce published a feature on The American Conservative exposing the devastating history of military monopolization in America. They describe how Wall Street has given foreign rivals such as China growing leverage over our defense industry by usurping what used to be American manufacturing, not only in telecommunications but in various sectors which are key to our national security.

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Launching a Global Currency Is a Bold, Bad Move for Facebook

Date Published: June 19, 2019

Open Markets Institute Senior Fellow Matt Stoller published an op-ed in the New York Times condemning Facebook’s plan to create a new global currency. Stoller writes, “Sorry, but no thanks: We should not be setting up a private international payments network that would need to be backed by taxpayers because it’s too big to fail.”

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Why Monopolies Abroad Don’t Justify Monopolies at Home

Date Published: May 31, 2019

In a recent interview, Facebook COO Sheryl Sandberg deployed a talking point that other platform monopolists are increasingly using. Don’t break up Facebook, she said, because that will just allow Chinese companies to come in and fill the void. What’s wrong with this argument? It presents a false choice.

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Testimony of Open Markets fellow Beth Baltzan to the House Ways & Means Committee on “Enforcement in the New NAFTA”

Date Published: May 22, 2019

Open Markets fellow Beth Baltzan testified as a witness to the House Ways & Means Committee on “Enforcement in the New NAFTA.” Her testimony, based in part on a piece she published in the Washington Monthly, pointed to the principles unratified Havana Charter as a solution to global trade. The charter “included rules that guaranteed workers’ rights, provided protections against destructive foreign investor behavior, and required trading nations to abide by anti-monopoly rules.”

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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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