With U.S. Steel Decision, Biden Turned His Back on Opposing Monopolies
As he signed a sweeping executive order in July 2021 intended to crack down on anticompetitive business practices, President Joe Biden declared that “capitalism without competition isn’t capitalism, it’s exploitation.” That would become something of a catchphrase for Biden’s presidency—and a mission statement for his appointees. Biden’s Justice Department blocked the merger of JetBlue and […]