An Unpredictable Upcoming Matchup: Donald Trump vs. Big Business

Read Original Article
Photo: Iowa Public Radio Images / Flickr
Media Outlet: The Atlantic

Kevin Carty wrote for the Atlantic about anti-monopoly policy under the Trump Administration:

The election of Donald Trump has prompted many stories about how, or whether, he will roll back the policies that make up President Obama’s economic legacy, including the Affordable Care Act and 2010’s Dodd-Frank banking regulations. But one of the most important, if underappreciated, stories of the coming administration will be Trump’s approach toward big business and the system that regulates it: anti-monopoly policy.

In the past year, via an executive order and several papers from the White House’s top economists, President Obama and his team began paving the way for tougher competition policy. His administration has blocked more mergers than administrations in the recent past, including successful challenges to such mammoth deals as GE and Electrolux, Comcast and Time Warner, and Halliburton and Baker Hughes. Meanwhile, Elizabeth Warren and even Hillary Clinton (far from anyone’s idea of a trust-buster) came out in favor of more aggressive anti-monopoly policy, and the Democrats added an antitrust pledge to their party platform—a plank that had been absent since 1988.

Author:

Kevin Carty was a reporter/researcher with the Open Markets program at New America. He previously worked as a tech policy reporter at Morning Consult.