Break Up Big Business?

Photo by Alex Wong / Getty Images. Article by Allison Schrager. City Journal – July 5, 2021.

President Biden’s contemplated executive order targeting large firms looks like a solution in search of a problem.

American politics has a large cast of villains these days, but few cut across party lines as consistently as big business. The Biden administration is already considering using antitrust to break up big tech, and it may go a step further with an executive order to curb market power in other industries. The details remain unclear, but the order, still under consideration, would apparently give the government more power to regulate large firms. […]

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