‘Proud Capitalist’ President Biden Signs Executive Order Targeting Anticompetitive Practices

President Biden Giving a Statement on His Executive Order. Photo: Bloomberg

In what is considered to be a first step to drive a more competitive playing field with big business in the American Economy, today President Biden signed an Executive Order aimed to increase competition and reduce corporate consolidation.

The Executive Order, made up of 72 actions and recommendations targets key business sectors with a goal to lower consumer prices, increase wages, and promote innovation.

“Capitalism without competition isn’t capitalism, it’s exploitation,” said the President, who called himself a ‘Proud Capitalist’.

For more information on today’s Executive Order, see the White House Fact Sheet: Executive Order on Promoting Competition in the American Economy



Categories: Economics, News Analysis

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