- July 10, 2021
- Posted by: Stratford Team
- Category: Business
With Daniel Lippman
BUSINESS GROUPS NOT THRILLED WITH BIDEN ANTITRUST CRACKDOWN: President Joe Biden this afternoon signed a sweeping executive order taking aim at a wide swath of industries in an effort to promote competition and break up consolidation in a range of sectors across American life. “Capitalism without competition isn’t capitalism, it’s exploitation,” Biden said in a signing ceremony for the order, which POLITICO’s Leah Nylen reports is set to impact industries from agriculture, airlines and tech to health, shipping, broadband and banking.
— But several of K Street’s largest trade groups today gave Biden’s push a chilly reception. Neil Bradley, the U.S. Chamber of Commerce’s chief policy officer, asserted in a statement that Biden’s order is based off of what he described as a faulty premise — that ”our economy is over concentrated, stagnant, and fails to generate private investment needed to spur innovation,”…
