President Biden Signs Executive Order on Promoting Competition in the American Economy
On Friday President Joe Biden signed an Executive Order to promote competition in the American economy. The Executive Order was created with the intent to “lower prices for families, increase wages for workers, and promote innovation and even faster economic growth.”
As the fact sheet for the Executive Order notes, in most U.S. industries, including agriculture, a small number of large companies control a lot of the business. This in turn drives up prices for consumers. At the same time, barriers to competition are “driving down wages for...
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