Antitrust: Taking on Monopoly Power from the Gilded Age to the Digital Age
Amy Klobuchar
5 mins
3 key insights
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United States Senator Amy Klobuchar describes the beginnings of antitrust law, how it's lost its power, and how we can revitalize it to fix our broken economy.
Antitrust: Taking on Monopoly Power from the Gilded Age to the Digital Age
Antitrust: Taking on Monopoly Power from the Gilded Age to the Digital Age
by Amy Klobuchar
Overview
It's no secret that wealth inequality in the United States is slowly becoming more extreme. As some Democrats advocate for a rewriting of income tax laws, other public officials are fighting for a more rigorous restructuring of the economy through antitrust action.
Senator Amy Klobuchar of Minnesota, chair of the Senate Judiciary Subcommittee on Antitrust, Competition Policy, and Consumer Rights, has campaigned on her reputation as a fierce critic of Big Tech's unchecked power. She regularly works with both Democrats and Republicans to utilize antitrust law as a tool to promote competition and check excessive concentrations of power.
While she fights for antitrust legislation in Congress, Klobuchar aims to educate the public about the potential benefits of identifying and breaking up modern-day monopolies. In this book, Klobuchar starts at the grassroots beginnings of antitrust law, its weakening through the 20th-century courts, culminating to the current moment, when antitrust law is needed once again.
Favorite quote
While the Trump administration demonstrated a willingness to take on Big Tech in the closing part of the president's term, the bulk of that work only came in an election year, with the Democratic-led U.S. House of Representatives also conducting its own eye-opening investigation.
- Amy Klobuchar
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