What we need are not just more players in the market, but better controls on all the players, whether they are mammoth corporations or more modest-sized operations. Da Dirt Diggers Digest
The executive order on competition issued by the Biden Administration earlier this month gave rise to headlines suggesting it was a direct assault on corporate power. The New York Times said the administration was stepping up its “mission to rein big business in.” The Wall Street Journal said the order “targets big business.”
There is no doubt that the order lays out an ambitious agenda to address anti-competitive practices in numerous areas of the economy. Coupled with the nomination of aggressive advocates to head the Federal Trade Commission and the Justice Department’s Antitrust Division, it creates momentum in dealing with the increasing dominance of large corporations over major portions of the economy.