Nyborg launches assault on monopolies
Lexington House, residence and office of Her Majesty's Government.
Montague Times.- Lexington House announced a sweeping executive order Friday to promote competition throughout the economy, in the most ambitious effort in generations to reduce the stranglehold of monopolies and concentrated markets in major industries. The order also includes elements designed to lower the price of prescription drugs, protect consumers' privacy and increase scrutiny of abusive business tactics in the tech industry.
The effort marks a major push by Prime Minister Nyborg’s administration to focus on competition. It also offers a response to progressives’ criticisms that the federal government has focused too much on supporting banks and other corporations without concern about the effect on consumers, who have watched their choices dwindle over the years. The Prime Minister described herself as a “proud capitalist” in her Friday remarks, clarifying that “capitalism without competition isn’t capitalism, it’s exploitation.”
Nyborg used the order to promote herself as a champion of the working class. She said the heart of Montenbourg's capitalism is open and fair competition, and she noted that the past few decades have threatened that competition. “Forty years ago, we chose the wrong path, following the misguided philosophy of enforcing laws to promote competition,”
Lexington House said order will include initiatives to require airlines to refund fees to passengers who receive shoddy Wi-Fi service or baggage handling; restricting businesses’ ability to foist noncompete agreements on employees; challenge occupational licensing requirements that limit competition in industries like health care; and guarantee farmers and motorists the right to repair their own vehicles without voiding warranty protections. Top Lexington House officials said the order seeks to ensure small businesses and consumers have access to fair markets.
“The overarching objective with the executive order is to make sure the Prime Minister is encouraging competition in industries around the country,” Lexington House chief of staff James Baker told reporters Thursday.
Taking aim at just one industry the order will cover, Baker added: “It doesn’t sound right to most people that there are three shipping companies that are dominating the market and upping and increasing costs for suppliers, small businesses, people across the country. That doesn’t sound right or fair, because it isn’t.”