Biden Elevates Fight Against Monopolies as Next Step in Economic Revival

 Biden Elevates Fight Against Monopolies as Next Step in Economic Revival

Over the past couple weeks Joe Biden has been honing a progressive economic message that borrows both from the Progressive Era in the early years of the 20th century and the New Deal years of the 1930s and 1940s. In his embrace of antitrust politics this summer, he is going further than either Bill Clinton or Barack Obama did to take on entrenched economic powerhouses and to craft a progressive-economic governing philosophy. Six months into his presidency, despite compromises on his infrastructure bill that have alienated the left of his party, Biden is still thinking big and strategizing ways to alter the balance of power within the American economy.

Front and center in this is an effort to go after large monopolies, in particular in the hi-tech sectors, and to use the power of the government to essentially jump-start competition in key sectors of the economy that, to borrow from the lexicon of mid-century economists, could be…

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