Democrats Must Become the Party of Freedom

Re-embracing anti-monopoly will reinvigorate American liberty and beat back Trumpism.

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Media Outlet: Washington Monthly

Barry Lynn wrote in Washington Monthly about what the Democrats ought to do after Trump's election: re-embrace anti-monopoly.

There are many competing interpretations for why Hillary Clinton lost last fall’s election, but most observers do agree that one—economics—played a big role. Clinton simply didn’t articulate a vision compelling enough to compete with Donald Trump’s rousing, if dubious, message that bad trade deals and illegal immigration explain the downward mobility of so many Americans.
As it happens, Clinton did have the germ of exactly such an idea—if you knew where to look. In an October 2015 op-ed, she wrote that “large corporations are concentrating control over markets” and “using their power to raise prices, limit choices for consumers, lower wages for workers, and hold back competition from startups and small businesses. It’s no wonder Americans feel the deck is stacked for those at the top.” In a speech in Toledo this past October, Clinton assailed “old-fashioned monopolies” and vowed to appoint “tough” enforcers “so the big don’t keep getting bigger and bigger.”

Author:

Barry Lynn was the director of the Open Markets program at New America. He is author of Cornered: The New Monopoly Capitalism and the Economics of Destruction (Wiley 2010) and End of the Line: The Rise and Coming Fall of the Global Corporation (Doubleday 2005).