President Joe Biden’s recent decision to take on the entrenched oligopoly in the US meatpacking inudstry highlights the boldness of his antitrust agenda. His administration’s message is clear: market capitalism functions properly only when there is healthy competition.
PARIS – Not every sitting US president invites comparisons with a Roosevelt, let alone two members of that storied family. Since taking office just over a year ago, Joe Biden has frequently been likened to President Franklin Delano Roosevelt, who introduced the New Deal in the 1930s, because of the boldness and scope of his economic agenda. But Biden may have more in common with America’s first President Roosevelt – Theodore, or “Teddy” – whose economic agenda is remembered for its embrace of the then-novel tool of competition law in the first decade of the twentieth century.
PARIS – Not every sitting US president invites comparisons with a Roosevelt, let alone two members of that storied family. Since taking office just over a year ago, Joe Biden has frequently been likened to President Franklin Delano Roosevelt, who introduced the New Deal in the 1930s, because of the boldness and scope of his economic agenda. But Biden may have more in common with America’s first President Roosevelt – Theodore, or “Teddy” – whose economic agenda is remembered for its embrace of the then-novel tool of competition law in the first decade of the twentieth century.