Here’s Hillary Clinton on Antitrust and Entrepreneurism

David Dayen says the antitrust elements of Hillary Clinton’s economic speech yesterday were “really great.” Her website contains the policy specifics, so let’s look:

As President, she will work to promote competition and take on abuses of market power, by taking action through government at every level, and rewarding innovation and entrepreneurship in the private sector.

Appoint strong leadership at our antitrust agencies. Strong enforcement officials…increase the resources and staffing…building up jurisprudence that supports strong enforcement.

Aggressively enforce and strengthen merger reviews as well as our antitrust laws and guidelines. Make sure that mergers and acquisitions do not excessively concentrate market power.

Prevent the inappropriate exploitation of excessive market power where it already exists. When large firms abuse their power by excluding potential rivals or stifling entrepreneurship, innovation, and free competition, those abuses undermine consumers, businesses, workers, and our economy as a whole.

Ensure post-merger retrospective reviews, and transparency. Empower the antitrust agencies to conduct post-merger monitoring…regular, thorough study and data collection on market concentration and its impact.

I’d like to hear a little more about how Clinton wants to “strengthen” antitrust laws, even though I understand that a Republican Congress will never pass anything that might truly help small businesses at the expense of big businesses. Still, I suppose there’s a chance of getting something done. The increasing concentration of market power in three or four mega-corporations has hit more and more business sectors over the past couple of decades, and even conservatives ought to be getting a little worried about it. And that’s to say nothing of a corporate-endorsed agenda that encourages the expansion of patent protection, regulatory barriers, and legal thickets that make it ever harder for small companies to compete. If we want America to remain a wellspring of entrepreneurism, we’d be well advised to take all of this stuff more seriously.

FACT:

Mother Jones was founded as a nonprofit in 1976 because we knew corporations and the wealthy wouldn't fund the type of hard-hitting journalism we set out to do.

Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. If you value what you get from Mother Jones, please join us with a tax-deductible donation today so we can keep on doing the type of journalism 2019 demands.

We Recommend

Latest

Sign up for our newsletters

Subscribe and we'll send Mother Jones straight to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate