ISSUES
Fight Corporate Monopolies
Big companies are growing their market shares and becoming more stable, and they’re getting harder and harder to compete with. That has affected consumers, communities, competitors, and workers in a variety of ways.
Key Points
- Raise the bar for approving mergers.
- Break up big tech.
- Protect small businesses from unfair economic competition from big corporations.
- Pass anti-monopoly policies at the local level.
Details
Across industry after industry, sector after sector, power and market share have been consolidated into the hands of a few players. Big companies are growing their market shares and becoming more stable, and they’re getting harder and harder to compete with. That has affected consumers, communities, competitors, and workers in a variety of ways. Competition has fizzled, the number of new businesses has plunged. Wages have stagnated. Inequality has spiked. And extreme wealth— which translates into extreme power—has pooled in fewer and fewer hands.
