President Biden: "Capitalism Without Competition Isn't Capitalism, It's Exploitation" | Video | RealClearPolitics

President Biden: "Capitalism Without Competition Isn't Capitalism, It's Exploitation"

|

President Biden signed an executive order on Friday restricting "anticompetitive practices" among American businesses. The White House said the order will "promote competition in the American economy" will "lower prices for families, increase wages for workers, and promote innovation and even faster economic growth."

"The heart of American capitalism is a simple idea: Open and fair competition," Biden said before signing the order. "That means if your companies want to win your business, they have to go out and they have got to up their game. Better prices and services, better ideas and products. The competition keeps the economy moving and it keeps it growing. A competitive economy must mean that companies do everything they can to compete for workers."


"The heart of American capitalism is a simple idea: open and fair competition," Biden said. "Capitalism without competition isn't capitalism, it's exploitation."
Comment
Show comments Hide Comments

Latest Political Videos

Video Archives