We surveyed over 900 small, independent businesses across the U.S. and asked about the challenges they face and the policies they believe would improve their survival. Topping the list of threats were three issues that all have to do with concentrated market power and monopolistic tactics — competitors strongarming suppliers, Amazon’s control over the online marketplace, and big competitors selling goods and services below cost.
For more than 40 years, public policy has actively encouraged the growth of megacorporations whose power threatens to eclipse that of government itself. Yet today’s growing antimonopoly movement offers a promising path for uniting small businesses with workers and building the political will for change. In a feature article for The Forge, Stacy Mitchell charts the course for seizing this moment — including deep, strategic organizing of small business, a pro-small business policy agenda, and effective small business messaging. These steps and more will build a “broad popular front capable of generating enough political will in Washington for policymakers to act.” Read the article here.
On March 16th, Sen. Elizabeth Warren (D-MA) and Rep. Mondaire Jones (NY-17) introduced the Prohibiting Anticompetitive Mergers Act of 2022. This legislation would prohibit mega-mergers, and give the Federal Trade Commission and Department of Justice new tools to undo past mergers that violate antitrust law. In a statement, Stacy Mitchell said the bill “would put a stop to the avalanche of harmful mergers now underway and safeguard workers, independent businesses, and communities.” Read the full statement here.
WHAT WE’VE BEEN UP TO
In a Q&A with The Editorial Board, Stacy talked about Biden becoming a trustbuster. “Exploitation, coercion and extraction are the primary characteristics of our economy today,” she said. “It’s exactly why we need to resurrect antitrust.”
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