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👇
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. economicliberties.us/our-work/coura…
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.
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. cnbc.com/2020/02/17/dai…
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.
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.
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. 😤
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