Sunday, January 05, 2025

"To Restore a Fundamental Principle of Fairness to Our Economy"

"But the FTC's decision to stop enforcing it decades ago triggered a seismic shift in America. It gave massive chains like Walmart free rein to squeeze suppliers for unfair discounts. Walmart's expansion went unchecked; manufacturers consolidated and shuttered factories; jobs vanished; and thousands of small businesses folded, leaving hollowed-out Main Streets and food deserts in their wake. Outside of the collapse of US manufacturing, few economic forces have done as much damage to the American landscape in the past 50 years."

Ron Knox at The Nation discusses a revival of the Robinson-Patman Act.

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