Share Your Story. How Has Monopoly Affected Your Life, Your Business, Your Community?

Date: 9 Aug 2023 | posted in: Retail | 0 Facebooktwitterredditmail

Is a monopoly crushing your business? Did an acquisition mean someone in your family lost their job? Has your internet service gotten worse and more expensive? Are you living in a food desert? Monopoly power is the leading threat to the economic vitality of local communities, small businesses, and workers. This is because over the last four decades merger enforcement has become disconnected from the law and from the reality of how markets work.

The Federal Trade Commission (FTC) and the Justice Department’s (DOJ) Antitrust Division, which share jurisdiction over antitrust enforcement, are proposing new Merger Guidelines. This is a monumental step toward dismantling monopoly power because the guidelines shape how enforcers evaluate proposed mergers and consolidation in our economy.

The new draft guidelines represent a significant shift in policy from the current guidelines and promise to bring merger review back into line with the letter and spirit of the antitrust laws. They greatly improve the agencies’ ability to stop mergers that violate these laws, undermine competition, and concentrate power in too few hands. The agencies are accepting public comment — at this link — on their draft guidelines through September 18, 2023.

It is crucial that the FTC and DOJ hear from the public — from you. Corporate America will be out in force making their case against the important work the FTC and DOJ are doing but hearing from you about how monopolies — like Amazon, CVS, Dollar General, Comcast, and beyond — impact you and your community is key to ensuring the guidelines are strong when they are finalized. Your experience with monopoly power makes you an expert and the FTC and DOJ want and need to hear your stories. 

You can submit your stories here.

Watch ILSR’s Katy Milani, where she joined FTC Chair, Lina Khan, Assistant Attorney General for the Antitrust Division at the DOJ, Jonathan Kanter, and many advocates, at an event hosted by the American Economic Liberties Project, to explain why the new merger guidelines are so important and to call on citizens across the nation to tell their story. Watch the full event here.

And if you want to dig deeper on the merger guidelines, check out our resources:

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Katy Milani

Katy Milani is the Senior Policy Advocate for ILSR's Independent Business initiative.