LIVE: Dominant corporations are corrupting local economies and democracies across the U.S.
Hear how a generation of state and local policymakers are fighting back. twitter.com/i/broadcasts/1…
Hear how a generation of state and local policymakers are fighting back. twitter.com/i/broadcasts/1…
.@SenGianaris kicks off the event by discussing @amazon's threat to communities.
"The incredible power that they have amassed stretches well beyond the business world. They assert themselves politically, they assert themselves in ways that are very dangerous for our democracy."
"The incredible power that they have amassed stretches well beyond the business world. They assert themselves politically, they assert themselves in ways that are very dangerous for our democracy."
.@SenGianaris stresses the importance of passing New York's 21st Century Antitrust Act in the next legislative session.
"This would be nothing short of a revolution in the way we handle antitrust issues in this country." 👏
"This would be nothing short of a revolution in the way we handle antitrust issues in this country." 👏
"These individual entities cross over so many markets and they are able to leverage their dominance in one industry to affect another." —@SenGianaris
Digging in on NY's 21st Century Antitrust Act, @SenGianaris lays out what the bill would do, including:
✅bringing NY antitrust laws up to speed w/ federal laws
✅changing the nat'l standard to an abuse of dominance standard
✅addressing monopsony power & threats to workers
✅bringing NY antitrust laws up to speed w/ federal laws
✅changing the nat'l standard to an abuse of dominance standard
✅addressing monopsony power & threats to workers
PANEL DISCUSSION STARTING SOON!
If you’d like to ask a question for the panel, tweet at us! 👇
If you’d like to ask a question for the panel, tweet at us! 👇
"There's a great history in this country as states serving as laboratories, stepping forward for providing solutions that can be exported to other states & eventually adopted throughout the country...I think it's time we step in and take a stand for workers + biz." —@SenGianaris
Kicking off our panel @AnnaForFlorida discusses how major corporations shape our politics on every level of govt.
Lack of attention on elections allows corporations to set the agenda w/ their $$$, which leads to officials putting the corps' wants & needs over their constituents.
Lack of attention on elections allows corporations to set the agenda w/ their $$$, which leads to officials putting the corps' wants & needs over their constituents.
.@amazon is considering building an airport hub in @senpetersil's district.
"Amazon understands Chicago is the transportation district hub of the country...they're trying to take out FedEx, UPS, and the Post Office."
"Amazon understands Chicago is the transportation district hub of the country...they're trying to take out FedEx, UPS, and the Post Office."
If state & local officials don't give @amazon their way, they threaten to leave and move elsewhere.
As @senpetersil puts it: "They helped created a crisis that is not just wealth extraction, but it's abusive. It's an unfair power dynamic that Amazon is holding over people."
As @senpetersil puts it: "They helped created a crisis that is not just wealth extraction, but it's abusive. It's an unfair power dynamic that Amazon is holding over people."
.@MaritzaSf is spot on.
"Our communities have been exploited, extracted, and abused by these corporations for way too long."
"Our communities have been exploited, extracted, and abused by these corporations for way too long."
"There's both a power imbalance here and an information asymmetry here between the public, the corporations, and the folks in office." —@Pat_Garofalo
Corporations are able to negotiate behind closed doors for tax breaks and other incentives...even if they don't need it.
As @AnnaForFlorida explains, "This is a race to the bottom where corporations win and the rest of us lose."
As @AnnaForFlorida explains, "This is a race to the bottom where corporations win and the rest of us lose."
.@AnnaForFlorida lays out why states need to band together and end corporate tax giveaways (cc: @EndtaxG).
"If we everyone just stopped playing this game, we could go back to investing in quality of life vs chasing these companies with public funds."
"If we everyone just stopped playing this game, we could go back to investing in quality of life vs chasing these companies with public funds."
"While you may think you're getting a cheaper good from Amazon conveniently, the reality is that underneath the surface they are actually costing you and me money by using their monopoly power to control the price of things." —@AGKarlRacine
.@amazon says everything they do is for their consumers.
@AGKarlRacine sets the record straight: they aren't playing fairly and they are *actually* harming consumers.
@AGKarlRacine sets the record straight: they aren't playing fairly and they are *actually* harming consumers.
.@AGKarlRacine explains that "when a market is competitive, businesses try to attract customers by cutting prices and increasing the quality of products & services."
"We are at an extraordinary moment in time right now, one that will decide whether or not our economy is able to function in a way that is fair & equitable and allows all to prosper & compete." —@AGKarlRacine
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