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Biden: 'Heart of American Capitalism Is Open and Fair Competition'
Posted
July 9, 2021
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1,203
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July 9, 2021
1,203
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1:49Now PlayingPresident Joe Biden will push for wider competition across the U.S. economy, targeting three industrial sectors where his administration believes consolidation has led to higher prices -- agriculture, technology and drugs -- in a sweeping executive order he’ll sign Friday.
Biden plans to underscore that he’s a capitalist and that competition is the engine of the U.S. economy in a speech accompanying the order, according to a White House official. But he wants the country to return to the “trustbusting mentality” of past presidents such as Theodore Roosevelt and Franklin Roosevelt, the official said.
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