President Joe Biden’s July 9 executive order, “Promoting Competition in the American Economy,” states: “The American promise of a broad and sustained prosperity depends on an open and competitive economy.”
The directive further notes:
For workers, a competitive marketplace creates more high-quality jobs and the economic freedom to switch jobs or negotiate a higher wage.
For small businesses and farmers, it creates more choices among suppliers and major buyers, leading to more take-home income, which they can reinvest in their enterprises.
For entrepreneurs, it provides space to experiment, innovate, and pursue the new ideas that have for centuries powered the American economy and improved our quality of life.
And for consumers, it means more choices, better service, and lower prices. Robust competition is critical to preserving America’s