The Biden Administration’s proposed merger guidelines represent a significant shift in policy from the current guidelines. If implemented, the guidelines would help stop harmful mergers that concentrate power in too few hands. Our new explainer breaks down the basics of the new merger guidelines and explains how they could reshape merger enforcement, the economy, and our democracy.… Read More
A major shift is afoot in the federal government’s stance on big business. The US Justice Department and Federal Trade Commission’s draft merger guidelines represent a major break with the neoliberal assumptions that have underpinned US antitrust enforcement for the last 40 years. In the Project Syndicate, Stacy Mitchell and Ron Know write how the draft guidelines, if adopted, would stop runaway corporate consolidation, rebuild local economies, and help preserve US democracy.… Read More
“This draft heralds a long overdue end to the dangerous and destructive approach of the last four decades,” Stacy Mitchell, ILSR Co-Executive Director, says in the statement.… Read More
Ron Knox writes in Competition Policy International that in order to foster a more democratic economy we must strengthen merger guidelines and enforce anti-merger laws, promote anti-merger enforcement in Congress, and educate federal judges about the intent behind anti-merger laws.… Read More
Mitchell adds in the statement, “It also raises serious questions about whether Amazon’s monopoly power over the book industry will be allowed to stand.”… Read More
Mitchell says in the statement, “Kroger and Albertsons would control $1 of every $4 spent on groceries in the US. That’s as big as Walmart, whose power in food has done widespread damage to communities, farmers, food workers, and local grocers.”… Read More
The new guidelines will likely make it harder for large corporations to amass power by buying other companies and will over time shape how judges understand and apply the antitrust laws in their rulings.… Read More
Earlier this year the Federal Trade Commission and the Department of Justice announced plans to revise their merger guidelines, setting the stage for a new era in antitrust regulation. ILSR’s new report details how new federal antimerger guidelines can restore competition and build local power. … Read More
On this episode of Building Local Power, host Jess Del Fiacco is joined by her colleagues John Farrell, Stacy Mitchell, and Ron Knox, where they discuss the Department of Justice and the Federal Trade Commission’s plan to overhaul their merger guidelines. … Read More
