U.S. Chamber Believes Executive Order on Competition Fails to Advocate for Market-Based Competition, Instead Follows a ‘Government Knows Best’ Approach

Friday, July 9, 2021 - 11:15am

WASHINGTON, D.C. – U.S. Chamber of Commerce’s Executive Vice President and Chief Policy Officer Neil Bradley released the following statement today regarding the administration’s Executive Order on Promoting Competition in the American Economy.

“Today’s Executive Order is built on the flawed belief that our economy is over concentrated, stagnant, and fails to generate private investment needed to spur innovation. Such broadsided claims are out of touch with reality, as our economy has proven to be resilient and remains the envy of the world.

“Our economy needs both large and small businesses to thrive -- not centralized government dictates.  In many industries, size and scale are important not only to compete, but also to justify massive levels of investment.  Larger businesses are also strong partners that rely on and facilitate the growth of smaller businesses.

“The Chamber is a strong advocate for market-based competition, not a government-planned economy. This Executive Order smacks of a ‘government knows best’ approach to managing the economy.  The Chamber always will applaud efforts to promote small business, and we will vigorously oppose calls for government-set prices, onerous and legally questionable rulemakings, efforts to treat innovative industries as public utilities, and the politicization of antitrust enforcement.”