Our Reaction: President Biden's Inclusion of Competition Policy
FOR IMMEDIATE RELEASE: June 28, 2023
CONTACT: Ashley Woolheater,
WASHINGTON - Open Markets Institute Policy Director Phillip Longman released the following statement in reaction to what the White House described as a “major address” today by President Biden:
“In his speech today, the President sent a powerful message when he described the reinvigoration of antitrust enforcement and other competition policies as one of the three main components of ‘Bidenomics.” We are particularly gratified to see how effectively the President communicated the role monopoly plays in driving up prices for consumers, driving down wages for workers, stifling opportunities for entrepreneurs, and the hollowing out of supply chains and the nation’s industrial base.
“Open Markets has long advocated for more rigorous competition policies and offered strong support when President Biden enacted a sweeping executive order in 2021 calling on all government agencies to take action against the trend toward corporate concentration. We are now further thrilled to see the President capitalize on the broad popular appeal of these policies by highlighting them in the White House’s political messaging, as we have previously urged him to do.”
Open Markets advocated that the Biden administration (and previous administrations) reinvigorate U.S. antitrust enforcement and released a statement calling President Biden sweeping executive order on competition, announced in 2021, a “big victory.” Since then, Open Markets and partner, Farm Action, produced our first report card to review the administration's progress addressing monopolies in U.S. food and agriculture systems, a tool designed to help hold executive agencies to account and encourage further action to restore fair competition.
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The Open Markets Institute is a team of journalists, researchers, lawyers, economists, and advocates working together to expose and reverse the stranglehold that corporate monopolies have on our country. Learn more at www.openmarketsinstitute.org.