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A “Proud Capitalist,” Joe Biden is Championing Competition

Capitalism without competition isn’t capitalism; it’s exploitation

July 13, 2021 • by Heather Cox Richardson

_____ Last week, as President Joe Biden signed “An Executive Order Promoting Competition in the American Economy,” he echoed the language of his predecessors. “[C]ompetition keeps the economy moving and keeps it growing,” he said. “Fair competition is why capitalism has been the world’s greatest force for prosperity and growth…. But ...

A “Proud Capitalist,” Joe Biden is Championing Competition

Current debates on Big Tech and antitrust law lack a clear definition of “competition”

----- For the anti-monopoly movement, the past three months have been exciting but sobering. In late July, the House Antitrust Subcommittee held a landmark hearing at which members of Congress forced the CEOs of Amazon, Apple, Facebook, and Google to admit to business practices they would rather have stayed private. Amazon ...