President Biden wants to remake the U.S. economy by injecting more competition into highly concentrated industries including airlines, Big Tech and agriculture to improve choices and prices for consumers. Why it matters: The ambitious executive order signed Friday directs the federal government to step up antitrust enforcement and regulation.
“Let me be very clear, capitalism without competition isn’t capitalism. It’s exploitation,” Biden said at a White House signing ceremony for the order.
Source: Biden order: End the monopoly game
Related
