Drawing a page from turn-of-the-century populists, Democrats running for president are increasingly railing against monopoly power on the campaign trail.
that joined Warren in condemning a recently approved merger between Bayer and Monsanto.
The political upside is clear in Iowa. On Saturday, Warren is attending the Heartland Forum event in Storm Lake with two other 2020 Democratic candidates, Sen. Amy Klobuchar of Minnesota and former Rep. John Delaney of Maryland, as well as Rep. Tim Ryan of Ohio, to discuss corporate concentration in rural America. The event is sponsored by Open Markets Action, HuffPost, The Storm Lake Times, and the Iowa Farmers Union.
"Plenty of people who you would affiliate with the center of the Democratic Party started saying openly we needed a more vigorous antitrust policy," Marshall Steinbaum, a fellow at the Roosevelt Institute who researches the topic, told NBC News. Still, the primary is a free market — and she has competition. Klobuchar, the ranking Democrat on the antitrust subcommittee, has also made corporate consolidation a target in speeches and interviews. In 2017, she put out legislation that would place a higher burden on companies seeking federal approval for a merger.Underlying the resurgent antitrust movement is an argument that the government needs to take a broader view on the economic effects of larger companies.
The hot word in Democratic policy circles these days is"monopsony," a scenario in which a few businesses dominate the labor market, giving them more leverage over wages and benefits as employees have fewer options if they want to leave. Some economists see it"The rise of concentration across U.S.
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