Biden's effort to spur economic competition
CNN
"The economy, stupid" became a campaign mantra because, as today's inflation furor demonstrates, it moves voters. But some big economic issues lack immediate political punch.
Count among them President Joe Biden's administration-wide push to bolster competition throughout the American economy. It seeks to answer rising complaints about how dominant corporations exploit their market power, with the promise of benefits for consumers, workers and 21st century capitalism itself. But the effort sprawls across so many executive actions and agencies as to blur attention to its reach and impact.
White House aides point to an academic estimate that eroded competitive forces in the economy cost the median household $5,000 per year. Even if their effort could eventually claw back that money, it would come only gradually on a time frame extending well beyond Biden's presidency.
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