In February 2016, the Obama administration declared that the creation of monopolies, especially in the data and tech industries, threatened the economic viability of the US and healthy competition. In a report from the administration, it warned that “monopoly profits” must be confronted lest conditions during the 18th and 19th centuries return, where a few small corporations dominated everything and economic growth was stunted because of it.
Trump, being the successful businessman that he is (see his successes in Trump Steaks, Trump Water, Trump University, Trump Vodka, Trump Taj Mahal, Trump Plaza, Trump Hotel and Casino for a few examples), Trump has declared that in direct contradiction to the Obama Administration report, there is no problem with the current situation of corporate antitrust regulation.
President Trump and his economic team see “no need to hastily rewrite the federal government’s antitrust rules,” drawing a battle line with leading Democratic presidential candidates on an issue that has increasingly drawn the attention of economists, legal scholars and other academics.
In their annual Economic Report of the President, released on Thursday, Mr. Trump and his advisers effectively dismiss an emerging line of economic research that finds large American companies increasingly dominate industries like telecommunications and tech, stifling competition and hurting consumers. (source)
If a Democrat was doing this, the Republicans would be screaming how unfair this is.
The Obama report was based on a serious study. It does not matter that Obama’s administration wrote it, because “facts are facts, and facts don’t care about your feelings.”
Antitrust laws were set up to prevent corporate monopolies from forming. Trump has shown himself to be a con-man and a hypocrite, and now a defender of corporate tyranny who has used corporate laws to enrich himself while plundering poorer people.
This is not MAGA, but perhaps taking an example from the notorious and now deceased African dictator Robert Mugabe, who turned the once prosperous nation of Rhodesia into a barren wasteland while enriching himself, MAZA (Make American Zimbabwe Again).
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