ILSR Co-Director Stacy Mitchell has a piece in The Atlantic focusing on Elizabeth Warren, corporate power, and Democrats’ forgotten role as small business champions. In the piece, Stacy outlines how Warren’s proposals harken back to a New Deal-era Democratic politics that saw small business and labor alike as bulwarks against concentrated monopoly power.
In recent decades, Democratic administrations and politicians have largely lost that trustbusting legacy, but candidates like Warren stand to gain a lot by again taking up the cause of small businesses. Contrary to popular perception, small businesses aren’t particularly loyal to one party over another.
Concentration across every industry—from banking to beer brewing—is a major threat to the economy and to democracy. Democrats would be wise to get back to their trustbusting roots.
Image: Gage Skidmore from Surprise, AZ, United States of America, CC BY-SA 2.0, via Wikimedia Commons
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