Today, Economic Liberties is proud to release “The Courage to Learn."

It's a deeply researched case for abandoning the consumer welfare approach & a comprehensive, new antitrust and competition policy agenda for Congress & the Biden administration.…
2/ As @sarahmillerdc explains, “The Courage to Learn tells a previously untold but crucial story about how America’s economy works and why it’s not working well for so many of us.”
3/ “The Courage to Learn” examines the real-world implications of the widespread adoption of the “consumer welfare standard,” which encourages consolidation under the banner of efficiency.

Spoiler alert: it hasn’t been good.
4/ It takes a close look at the Obama admin, showing how consumer welfare adherents subverted President Obama’s public pledges to structure markets to be fairer and more stable — something President Obama has himself acknowledged.…
5/ And it explains how specific competition policy choices allowed monopolies to hijack our economy, resulting in everything from layoffs at @WaltDisneyCo and local newspapers to increased prices for farmers and hospital patients.

*BUT* it also includes a path forward.
6/ There is now a growing constellation of efforts at the local, state, and federal level to address monopoly power, and President-elect Biden has an opportunity to lead the way.

Part III of “The Courage to Learn” offers a blueprint.
7/ As early as Day One of his administration, President-elect Biden can protect workers, small biz, communities & our democracy from corporate concentration.

Antitrust laws are some of the more powerful economic tools available to do so.
8/8 From enforcing fair competition goals at the @FTC & @TheJusticeDept to strengthening antitrust enforcement and appointing committed staff, Biden can begin reversing corporate concentration immediately. 👏

We hope he will.

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More from @econliberties

12 Jan
So, you may have noticed that “The Courage to Learn” is nearly 200 pages…

You should read it!

But if you’re looking to get a *quick* primer on how economic concentration effects key sectors of our economy like ag, defense, tech & more, we’ve got some one-pagers to help👇
2/ The world’s most dangerous duopoly: @Facebook & @Google…
3/ The heavily concentrated Airlines & Online Travel Agencies ✈️…
Read 10 tweets
11 Jan
1/ Happy #MonopolyMonday & #NationalMilkDay! 🥛

This week, we’ll be spotlighting America’s largest dairy monopoly— @dfamilk.
2/ After multiple acquisitions, @dfamilk now controls ~30% of all raw milk in the U.S.

Most recently, they announced in February 2020 that they would be acquiring @deanfoods, the largest producer of milk in the U.S., for $425 million.…
3/ @deanfoods owned nearly 50 brands…and more than 40 of them were dairy products. 😳

Now, many of these brands and subsidiaries are owned by @dfamilk.
Read 11 tweets
10 Nov 20
The @Uber-@Postmates merger will ONLY benefit monopolistic pandemic profiteers focused on growing their power at the expense of restaurants, workers, and consumers.…
2/ Both @Uber & @Postmates’ business models are built on trapping restaurants & workers in a predatory payday loan cycle of dependence and destitution.

And both @Uber & @Postmates use the “Break it till you Make It” approach to the law.
3/ @Uber was a vanguard in the business of providing illegal taxi service and misclassifying workers as “contractors.”

@Postmates pioneered the predatory practice of stealing menus and offering unauthorized delivery service from restaurants without their knowledge.
Read 11 tweets
10 Nov 20
👋 Good morning to the EU regulators who filed antitrust charges against @amazon!

Today’s news is an encouraging sign that the world is waking up to @amazon’s monopoly power.…
2/ @amazon's abusive use of third party sellers' data has long been evident.

Yet when members of the House Antitrust Subcommittee asked @amazon execs, under oath, to explain their practices, they were met with disrespect, obfuscation & outright dishonesty. 😤
3/ @amazon’s abuses don’t stop there.

Our “Understanding Amazon” report shows how @amazon became a dangerous monopoly & how we can end their dominance over e-commerce👇…
Read 4 tweets
9 Nov 20
To successfully address the crises they’ll inherit, personnel in a Biden administration must be both diverse & independent from big corporate interests.…
2/ “The next administration must empower diverse voices and be prepared to challenge powerful corporate and financial interests whenever they are in conflict with racial and economic justice or national security” - @mh4oh, Economic Liberties’ Senior Advisor
3/ “We need more Executive Branch appointees who come directly from the most affected communities on the frontlines of our current crises of economic, racial, gender, and climate injustice.” - @ksabeelrahman of @Demos_Org
Read 6 tweets
9 Nov 20
1/ Happy #MonopolyMonday!

Coming off the heels of last week’s election, we thought it would be fitting to spotlight the biggest voting machine monopoly — @essvote.
2/ Along w/ @dominionvoting & @HartInterCivic, @essvote dominates the production of voting machines.

But half of the country votes on @essvote machines alone. 😳…
3/ More than 160 million Americans cast their votes in the 2020 Presidential election, nearly 9 in 10 individuals who voted in person likely used a voting machine made by @essvote, @dominionvoting or @HartInterCivic.…
Read 9 tweets

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