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    predatory pricing

    Kamala Harris and sign says "Lowering Your Costs"

    With Corporate Media, Harris Can't Win on Corporate Price Gouging

    To explicitly or implicitly accept that Harris’s proposal amounts to price controls, or even socialism, is inaccurate and dangerous. News outlets continue to do their audiences a disservice on this key economic issue.

    Paul Hedreen
    Sep 25, 2024

    Debates over whether Democratic presidential candidate Kamala Harris’s economic proposals constitute Communist price controls or merely technocratic consumer protections are obscuring a more insidious thread within corporate media. In coverage of Harris’s anti-price-gouging proposal, it’s taken for granted that price inflation, especially in the grocery sector, is an organic and unavoidable result of market forces, and thus any sort of intervention is misguided at best, and economy-wrecking at worst.

    In this rare instance where a presidential hopeful has a policy that is both economically sound and popular, corporate media have fixated on Harris’s proposal as supposedly misguided. To dismiss any deeper discussion of economic phenomena like elevated price levels, and legislation that may correct them, media rely on an appeal to “basic economics.” If the reader were only willing to crack open an Econ 101 textbook, it would apparently be plain to see that the inflation consumers experienced during the pandemic can be explained by abstract and divinely influenced factors, and thus a policy response is simply inappropriate.

    Keep ReadingShow Less
    Opinion
    kamala harris
    Consumer Financial Protection Bureau Director Rohit Chopra (L) and Federal Trade Commission Chair Lina Khan (R) listen as U.S. President Joe Biden speaks in Washington, D.C. on October 26, 2022.

    Biden FTC Applauded for Moving to Crack Down on 'Predatory Pricing,' Other Corporate Abuses

    FTC Chair Lina Khan is "charting a path toward a new era of refined antitrust enforcement that prioritizes working families and small businesses," said one advocate.

    Kenny Stancil
    Nov 10, 2022

    Progressives cheered Thursday after the Federal Trade Commission voted 3-1 to issue a new policy statement restoring the agency's commitment to "rigorously enforcing the federal ban on unfair methods of competition."

    While Section 5 of the FTC Act--passed in the early 20th century by congressional lawmakers unsatisfied with the Sherman Act, the original antitrust statute--prohibits "unfair methods of competition" and instructs the commission to identify and rein in such practices, the agency has refused for decades to exercise its full legal authority to do so.

    Keep ReadingShow Less
    News
    lina khan

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