Yet the order is another far-left directive to promote federal government intervention in the economy, pushing for policies that may not even be authorized by Congress and that could trample on the rights of states.
It punishes economic success and presumes that when a company grows, its size is inherently damaging.
The order would have federal bureaucrats plan the economy centrally and arrogantly assumes that they know how industries should be structured. No one, including the federal government, has the knowledge to make those kinds of decisions.
It would allow bureaucrats to further control the way companies operate and serve their customers, for example, trying to enforce airline and shipping practices, meddling in private rail contracts, and threatening the property rights of carriers. railroads, and making it much more difficult for companies throughout the economy to grow through mergers and acquisitions.
The Biden edict is intended to promote competition, but in reality it suppresses it and hinders innovation. The order protects failed incumbents by encouraging them to turn to the government for favors to help them against companies that customers actually prefer.
If you think cronyism is bad now, this executive order would make it a lot worse.
The executive order would bring back the so-called net neutrality rules that damage competition for example, making it difficult for new Internet service providers to attract new customers from existing ones by offering differentiated services.
First, it would discourage tech startups by blocking most popular “Exit strategy” for emerging companies; that is, get acquired. Some of America’s most dynamic startups came out of this process, and slamming the door could slam the door completely on the next generation of innovators.
The executive order looks at concerns about a handful of companies that allegedly dominate industries, such as meat. However, it does not recognize how the government’s own meddling drives those structural results. For example, it does not mention that federal regulations create barriers for the sale of meat and poultry products in ways that favor larger processing plants.
As is all too common with the far left, Biden’s executive order reflects an extremely pessimistic view of the country.
In reality, America is the envy of the world in every industry, from agriculture to trucking to technology, because American businesses better serve the needs of consumers. That success is due to the innovation and hard work of American people and businesses, not the bureaucrats in Washington, DC.
That is not to say that the federal government should not worry about competition. Should. But if the Biden administration is concerned about competition problems, it should first examine how the government itself is creating competition problems to begin with.
For example, existing and rapidly multiplying regulations discourage new competitors from entering markets, reduce innovation, and hurt consumers. High regulatory costs force companies to close, especially small businesses that can’t keep up with the regulatory onslaught. For survivors, their ability to expand, grow, and hire workers may slow down.
Biden in this same executive order appears to acknowledge the harm that the government causes, such as through state occupational licensing laws. But he does not connect the dots with a resistance to the withdrawal of the regulations that eliminate employment.
It should come as no surprise that Biden did not focus on how the government is the problem, as his administration regularly views the government, and not the American people, as the way to solve alleged problems.
President Ronald Reagan in a funny and correct way set, “The nine scariest words in the English language are ‘I’m from the government and I’m here to help.’ The Biden administration is showing us why.
So what should conservatives be doing? They must address competition issues at the source by getting rid of government policies that discourage or prevent people from starting businesses or simply pursuing their desired professions.
It means getting rid of the cronyism and corporate welfare that companies receive through their connections with legislators. It means ditching policies that flatly discourage or punish innovation, letting companies abroad build the businesses of the future by leaving American workers behind.
Conservatives should denounce the hypocrisy of the administration and the extreme left who claim to want to promote competition and, at the same time, promote policies that will harm competitors and consumers who benefit from competition through lower prices, more options and higher quality products.
Above all, conservatives should recognize that this is an incredible opportunity to distinguish ourselves from the far left by promoting our fundamental principles.
Wealth is created by the American people, not the government. The role of government is to create an environment in which people and businesses can compete and succeed on their own merits, not intervene to pick winners and losers, or dictate what the competition should look like.
It is necessary to eradicate chronism and corporate well-being, which are the antithesis of competition and our free enterprise system.
It’s time to proactively push a specific agenda to achieve those ends. The Biden administration has shown its hand. Now is the time for the Conservatives to do the same.
When we do, economic freedom, property rights, limited government, and a flourishing civil society will win hands down.
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