“Capitalism without competition isn’t capitalism, it’s exploitation” -Biden

newsbusters-

President Biden took aim at Big Tech in his latest executive order on Friday.

The sweeping executive order cracks down on Big Tech’s anti-competitive practices. The order includes 72 actions and recommendations aimed at promoting competition in the U.S. economy after the global pandemic.

The White House aims to “reduce the trend of corporate consolidation, increase competition, and deliver concrete benefits to America’s consumers, workers, farmers, and small businesses.”

“For decades, corporate consolidation has been accelerating,” a fact sheet released by the White House reads, stating that the order is “a whole-of-government effort to promote competition in the American economy.”

The order calls on the Federal Trade Commission to reestablish “net neutrality,” reversing a Trump decision that eliminated the laws. 

more

15 Comments on “Capitalism without competition isn’t capitalism, it’s exploitation” -Biden

  1. Hey Woke Corps, how safe you feelin’ now with your Dem buddies? You deserve each other, but you’re idiots if you think Ds are your friends.

    5
  2. The really important and destructive anti-competitive consolidation and pathogenic growth during my lifetime has been that of the central govt.

    10
  3. Oh good, net neutrality is back. 😒

    I heard on the news he (or they, whoever is in charge) are ending non compete and non disclosure agreements. Sure fine, sounds good, but why is CluelessJoe mucking about with business contracts that he knows nothing about? What’s the ulterior motive here?

    9
  4. It’s Kabuki theater. They wouldn’t dare bite the hand that feeds them without prior arrangements behind the scenes. This is to appear that they are doing something about Big Tech, but it reality it’s gotta be prearranged ahead of time.

    16
  5. @Illustr8r — Joey’s ulterior motive is ice cream and sniffing little girls’ hair. His puppetmasters’ motive is of course power and money, but I haven’t figured out the intended mechanism this time, either. )-:

    4
  6. it is obviously clearer, every day, that this ‘administration’ (continued regime) does not understand or acknowledge the principles of Capitalism … they regard the forced labor of ‘Kapital’, as they define it, for the ‘greater good’ of the ‘collective’

    … in actuality, nothing more than the labor of the masses enriching the few of the governing

    aka: Oligarchy, Totalitarianism, Fascism, Feudalism … let’s just settle on ‘Communism’

    5
  7. Antifa won’t like this sop to free enterprise. If that’s what it is.

    But I sniff something rotten and underhanded in all of this. It may be just for show. Dumpocraps saving Capitalism? Don’t think so.

    Corporate consolidation is not always big tech corporations gobbling up smaller fish just because they want to eliminate a competitor. There have been a lot of start-ups whose owners developed a tech idea with the goal of eventially selling to big tech and getting out with huge payoffs so they could retire to Tahiti or wherever with their trophy wives.

    4
  8. Guess Joey, I tend to agree with you on this. The banning (strict or shadow) of anyone who you disagree with is exploitation. Give an open forum that allows an HONEST debate rather than a few hidden people deciding who is right.

    1
  9. Net Neutrality’ is Obamacare for the Internet; the Internet should not operate at the speed of government.

    Ted Cruz

    Bye bye Free Speech Sites.

    4
  10. Cynic has is right. It is a shit sandwich, wherein bluster about capitalism is the bread, and net neutrality is the shit in the middle. Fed judges will toss the bread and hand back the shit on a shingle.

    4

Comments are closed.