The executive order — which contains 72 initiatives — is striking in its scope and ambition, challenging the business practices of America’s enormous technology, health-care, agricultural and manufacturing firms while also aiming to shake up smaller sectors dominated by only a handful of companies, such as the hearing aid industry.
The heart of American capitalism is a simple idea: open and fair competition,” Biden said in remarks before signing the order, accompanied by several members of his Cabinet. “…Competition keeps the economy moving and keeps it growing. Fair competition is why capitalism has been the world’s greatest force for prosperity and growth.”
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Biden’s bid to take on big business sets off battle over who holds power in U.S. economy
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