Biden's assault on monopolies launches TODAY

[634-5789]

The White House is scheduled to issue an executive order Friday to promote competition throughout the U.S. economy in the most ambitious effort in generations to reduce the stranglehold of monopolies and concentrated markets in major industries.


https://www.politico.com/news/2021/07/08/biden-assault-monopolies-498876

[EYESORE 9001]

1. Joe Biden reminds me more and more of FDR with each passing day

This measure is long overdue. Monopolies deserve to be renamed United Consumer Fuckers.

[bucolic_frolic]

2. Pass the Freedom Sauce! This is free markets supporting renewal, and is very necessary

Competition, innovation, entrepreneurship is how the economy grows and sometimes becomes more efficient. You don't get that with large, self-feeding, entrenched monopolies and oligopolies.

Wish I had actual operational expertise in entrepreneurship instead of weak ankles.

[Layzeebeaver]

3. This alone...

…might entice me to move back to the states.

Especially since Britain here is now officially the stupidest county on earth.

[Boydog]

6. Britain would have some real competition

for that distinction. Why do you say that about Britain.

[Layzeebeaver]

14. Surrendering to COVID.

[PatSeg]

13. Perhaps

But with that wonderful accent, they sound smarter.

Of course, I'm not sure that they are stupider than the U.S. We are getting better, but there still is a whole lot of "stupid" to spread around.

[pazzyanne]

4. Go, Joe!

This is long overdue! It is about time that the riches of this country are spread out and begin to support those who actually create that wealth. I have been anti- corporation/ monopoly since the supreme court granted them "personhood".

[Klaralven]

5. This will make the US economy less competitive with other countries

Monopolies usually occur because one firm is larger and the scale allows them to produce at less cost than their competitors.

[ShazzieB]

9. Source?

If you're going to defend monopolies, please cite a source.

[bucolic_frolic]

10. There's no incentive to find efficiency & low cost when you can charge whatever the market will bear

Monopoly is anti-competitive usurpation of innovation, pricing, and often political power.

[Joinfortmill]

7. Excellent news

[OldBaldy1701E]

8. 'Assault' on monopolies?

BBWWAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA! (You know what? Okay. I will sit tight and see what happens. I am not holding my breath that a politician is going to go after large corporations with the intent of reducing their profits, but let's see. I retract the raucous laughter.)

[Fla Dem]

11. Good, it's about time someone addressed this. Too much control by big companies.

[Dirtdude]

12. Just tinkering

Start revoking corporate charters

But if he is serious, I hope he zeroes in on timber milling capacity in the west. There is a glut of raw unmilled timber but mills have been monopolized. One company in California had bought most mills in the state and did a mass closing. Now they control the price and have jacked up lumber prices.