Reining in Monopoly Power - Small Businesses and the Push to Strengthen Antitrust Laws.mp4

Reining in Monopoly Power - Small Businesses and the Push to Strengthen Antitrust Laws.mp4

The pandemic exposed, and turbocharged, many inequalities in our economy, including years of rampant market power abuse by dominant...

  • Posted on: 26 February 2021
  • By: CCTV

The pandemic exposed, and turbocharged, many inequalities in our economy, including years of rampant market power abuse by dominant corporations at the expense of small businesses. Now, for the first time in decades, passing new anti-monopoly laws is shaping up to be a key priority for federal policymakers in 2021. Last October, the House Subcommittee on Antitrust, Commercial and Administrative Law, led by Congressman David Cicilline, published the findings of an extensive investigation of market concentration. The report concludes that dominant firms like Amazon are abusing their market power and calls for new legislation to update and strengthen the antitrust laws. Small businesses have a critical role to play in shaping this agenda and ensuring that anti-monopoly policies are a central part of Congress’s economic recovery strategy. Cambridge Local First organized a conversation with the Institute for Local Self-Reliance, and independent business owners and leaders from across the country for a live conversation with Congressman Cicilline and other experts and advocates on February 22nd.