This article's talks about the Trump administration denying the fact that monopolies are going to hurt the U.S. economy. The democrats have proposed that big companies need to be split up to keep the economy growing and to keep competition alive. Main companies they talked about were communication and tech companies and they said that they think these type of monopolies are hurting competition and consumers. In the annual economic report of the President, Trump and his administration dismissed the research on how some companies are dominating the industry and said that the info is flawed and that the rise of large companies may not be bad for consumers. They also mention that it is important that antitrust enforcement and competition policy doesn't punish firms for their success.
https://www.nytimes.com/2020/02/20/business/trump-economy-monopoly.htmlDo you think that the Trump administration is right or wrong?
1 comment:
I find it interesting that President Trump is not worried about monopolies knowing that they are able to charge higher prices and discourage innovation.
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