Ian Stuart@[email protected] I hope #Biden doubles down on using #antitrustLaws to #fightInflation … he has proposed stronger merger rules/guidelines but I’d also like to see him vocal about using #antitrust laws to break up existing #monopolies and #oligopolies to increase #priceCompetition and fight #inflation .
@ExTradersGlobal We should be enforcing #antiTrustLaws to #fightInflation instead of having high interest rates.
@annhattan We still haven’t gone far enough away from #Reaganomics … we should be using #antitrustLaws more often to encourage #priceCompetition and to #fightInflation . #Biden has proposed stronger merger guidelines for when mergers should not be allowed; he should also propose better guidelines for when #monopolies and #oligopolies should be broken up (as many industries are too consolidated) . #inflation #economy #antitrust
@jbzfn @ryanhoulihan We should be using #antitrust laws to break up #monopolies and #oligopolies to #fightInflation instead of #raisingInterestRates unnecessarily high…
@toussaint #Biden is far from perfect on the #economy but he helped prevent a much worse #economicCrisis following the #Covid19Shutdowns . There has been fifty plus years of #industryConsolidation that has helped set the stage for #monopolies and #oligopolies ( #cartels ) to be able to set #ExcessivelyHighPrices and make #RecordProfits . We should use #antiTrustLaws to #fightInflation and Biden shouldn’t be so quiet on his (previous ?) #CampaignPromise to #RaisetheMinimumWage .
@kevinrns Let’s fix it! We need to both demand higher wages AND make sure excessive inflation is discouraged by using #antiTrust laws to break up #MonopoliesAndCartels (so that there is price competition - I strongly believe this is a more ethical solution for inflation compared to excessive #InterestRateHikes ). #Unions #SupportUnions #RaiseTheWage #FightFor15 #FightFor18 #FightFor20 #RaiseTheMinimumWage #USPolitics #BreakUpMonopoliesAndCartels #FightInflation #inequality #economics
@sspopovich @rbreich By #RaisingInterestRates #JeromePowell and the #FederalReserve ARE fighting wage growth. Instead of excessively raising interest rates we should use #antiTrustLaws to #breakUpMonopolies (and cartels) to #fightInflation . As a start, I’m glad #Biden has proposed new merger rules: https://www.huffpost.com/entry/biden-antitrust-merger-guidelines_n_64b7032ae4b0dcb4cab5eac6
I am hopeful because #Biden announced new rules to tackle corporate consolidation. In my opinion/judgment consolidation within industries has allowed #megaCorporations to set prices exceptionally high. I’m a big advocate for using #antiTrustLaws to #BreakUpMonopoliesAndCartelsToFightInflation . This is a good first step. #Inflation #AntiTrust #Bidenomics #economy #economics #USpolitics #fightInflation https://www.justice.gov/opa/pr/justice-department-and-ftc-seek-comment-draft-merger-guidelines
Justice Department And FTC Seek Comment on Draft Merger Guidelines
The Justice Department and the Federal Trade Commission (FTC) are releasing a draft update of the Merger Guidelines (Draft Guidelines), which describe and guide the agencies’ review of mergers and acquisitions to determine compliance with federal antitrust laws. The goal of this update is to better reflect how the agencies determine a merger’s effect on competition in the modern economy and evaluate proposed mergers under the law. Both agencies encourage the public to review the draft and provide feedback through a public comment period that will last 60 days.
I agree.
In addition, I also think that #MonopoliesAndCartels need to be broken up to increase #PriceCompetition to #fightInflation. Otherwise mega corporations will use rising wages an an excuse to raise prices (even though they could easily swallow the extra cost of fair wages). We have to demand a higher standard of living and understand what could be done to raise it.
That the minimum wage isn’t significantly higher is purely about #greed .
@anttipeltola Which country? #NeoConservatives aren’t any better. People fight for higher wages but then the #megaCorporations crank up #inflation . What we need is to break up #MonopoliesAndCartels so that there is #PriceCompetition in order to #fightInflation