Biden’s Assault on Monopolies Launches

“The White House is scheduled to issue an executive order Friday to promote competition throughout the U.S. economy in the most ambitious effort in generations to reduce the stranglehold of monopolies and concentrated markets in major industries,” Politico reports.

“The order offers a response to progressives’ criticisms that the federal government has focused too much on supporting banks and other corporations without concern about the effect on consumers, who have watched their choices dwindle over the years. … The order’s impacts could be felt in industries including agriculture, airlines, health, broadband and banking.”