Senator Warren Delivers Major Address on Antimonopoly at the Open Markets Institute
FOR IMMEDIATE RELEASE: February 15, 2023
CONTACT: Ashley Woolheater, woolheater@openmarketsinstitute.org
WASHINGTON -At an event hosted by the Open Markets Institute and partners, Senator Warren, in a major speech on antimonopoly, called for vigorous antitrust enforcement and strong prohibitions against large corporate mergers.
In her remarks, Warren delineated four priorities for the administrative branch of government:
break up the giants,
stop harmful mergers to prevent new giants from emerging,
stop the anticompetitive practices (“tricks”) that giant corporations use to reinforce their economic and political power, and
put the executives who violate antitrust law behind bars.
She lauded leadership at the Federal Trade Commission and the Department of Justice and called on other agencies such as the Departments of Agriculture and Transportation, and the Office of the Comptroller of the Currency, to do their part and exercise their antimonopoly authority. This includes blocking airline mergers, strengthening rules to prevent bank mergers, and breaking up big meatpackers and instituting fair codes of conduct in the meat industry.
Read Senator Warren’s remarks here.
Organizations supporting the event with Senator Warren include Color of Change, the Financial Times, Public Citizen, as well as Americans for Financial Reform, Accountable Tech, Demand Progress, Economic Security Project, Farm Action, Fight Corporate Monopolies and the American Economic Liberties Project, Free Press, Future of Music Coalition, Groundwork Collaborative, the Institute for Local Self-Reliance (ILSR), News Media Alliance, Public Knowledge, and the Revolving Door Project.
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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.