By John Eggerton, Multichannel News, 7-9-21

In a sweeping executive order being signed Friday (July 9), the Biden Administration says it is taking on corporate consolidation that has driven up prices for various goods and services including Internet, arguing that “inadequate competition holds back economic growth and innovation.”

Biden, in preparation for signing the order, said consumers are hit by high prices due to a lack of competition for Internet access. The president said he was a proud capitalist, but that without competition, capitalism is exploitation and means forcing consumers to accept things they can’t go without.

Among those attending the signing ceremony were acting FCC Chairwoman Jessica Rosenworcel and FTC Chair Lina Khan.  » Read More