Can the federal bureaucracy resuscitate market dynamism in America?

  • 📰 TheEconomist
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 92%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Joe Biden's executive order specified 72 initiatives and the creation of a new competition council

On July 9th President Joe Biden indicated that he identifies fully with the critics. That was when he signed an executive order arguing that a lack of competition had been increasing prices for consumers and squashing wages for workers, and stating that the federal government would not stand for it. Casting himself as a latter-day Roosevelt , Mr Biden vowed that the whole federal government would devote itself to “address over-concentration, monopolisation and unfair competition”.

Mr Biden wants the Federal Trade Commission , which has broad but conservatively employed authority to limit anticompetitive behaviour, to ban or limit this practice. He also wants theto end needless occupational licensing, onerous rules that turn some professions into glorified guilds. To be a certified interior designer in California, for instance, you must have more than six years of experience and pass an exam.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

WillieWonka endorses this message…

A council is a great way to put off doing anything!

so many exective orders... he becomes putin right before out eyes... scary

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 6. in SE

Sverige Senaste nytt, Sverige Rubriker