Statement from Stacy Mitchell on Big Tech Antitrust Report

Date: 6 Oct 2020 | posted in: Retail | 0 Facebooktwitterredditmail

WASHINGTON, D.C. (October 6, 2020) – The following statement was issued by Stacy Mitchell, Co-Director of the Institute for Local Self-Reliance, in response to the report by the House Judiciary Committee’s Antitrust Subcommittee on the power of Amazon and other tech giants.

“This report marks a dramatic advance in the debate about monopoly power and Big Tech. The investigation has uncovered extensive and detailed evidence that Amazon has amassed outsized market power and is exploiting its dominance to crush competitors and monopolize markets. The cost to Americans is steep: Amazon is using its power to concentrate wealth, trample independent businesses and start-ups, and undermine communities. 

“Importantly, the report demonstrates a strong commitment by members of Congress to tackle this threat head-on by reinvigorating and updating our antimonopoly policies. The report’s policy recommendations provide a roadmap for restoring fairness and competition, strengthening our economy, and safeguarding democracy. Congress urgently needs to take up these recommendations.”

Read the Subcommittee’s report in full here.

Background: 

Facebooktwitterredditmail
Follow Stacy Mitchell:
Stacy Mitchell

Stacy Mitchell is co-director of the Institute for Local Self-Reliance and directs its Independent Business Initiative, which produces research and designs policy to counter concentrated corporate power and strengthen local economies.

Follow Jess Del Fiacco:
Jess Del Fiacco

Jess Del Fiacco is ILSR’s Communications Manager. In this role, she works closely with program staff to develop and implement communications strategy that supports ILSR’s mission. She promotes ILSR’s work through the organization’s newsletters, website, social media, events, and more. Jess also hosts the Building Local Power podcast. Contact Jess for media inquiries.