MAIN STREET ALLIANCE REACTS TO FTC MERGER GUIDELINE RELEASE

WASHINGTON, DC – Main Street Alliance Executive Director Chanda Causer released the following statement on the draft of new merger guidelines published today by the Department of Justice and Federal Trade Commission (FTC). 

“Today is a victory for Main Street Businesses. For far too long, leaders in both parties have ceded too much power to big business and large corporations. Allowing huge concentrations of power to form has badly hurt the competitiveness of Main Street businesses like our  30,000 plus members nationwide. 

“Due to this lack of strong oversight and enforcement of our antitrust laws, we have entered a second gilded age where big businesses are hurting our democracy by accumulating too much power in the marketplace. The result has been a displacing of the democratic process and the inability of the state to properly prioritize the needs of the people vs. the needs of the powerful.”

“Lina Khan’s leadership at the FTC has been exemplary, as she supports kind capitalism and creates an equal playing field for true small business. The proposed merger guidelines released today are a strong step in the right direction, and we look forward to seeing them implemented in the weeks and months to come.”

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Contact: Press@mainstreetalliance.org