Washington, D.C. — Following remarks made last week by Secretary of Commerce Gina Raimondo in opposition to European efforts to address Big Tech’s market power, the American Economic Liberties Project, Demand Progress, and 19 other organizations today released a condeming the Secretary’s comments and urging her to stop undermining President Biden’s efforts to protect American businesses, workers, and entrepreneurs.
“Secretary Raimondo’s comments were wildly inappropriate and inconsistent with President Biden’s executive order on competition policy,” said Sarah Miller, Executive Director of the American Economic Liberties Project. “Big Tech is a serious threat to global democracy and honest commerce. That’s why Congress, state attorneys general, the Department of Justice Antitrust Division, the Federal Trade Commission, and officials at every level of American society are advancing policies to tame these dominant firms. Secretary Raimondo should not be subverting the work of the administration or our trans-Atlantic allies.”
“Secretary Raimondo should be fighting to help E.U. regulators address Big Tech’s extraordinary power not obstructing them,” said Ginger Quintero-McCall, Legal Director at Demand Progress. “The Secretary should reconsider her remarks and recommit to Biden Administration efforts to foster competition and curb monopoly power.”
As the letter explains, “this spirit of cooperation is essential to address the growing dominance of tech monopolies around the world. Without a committed whole-of-government approach in collaboration with our international partners we cannot hope to address the scale of the monopoly crisis.”
Read the full letter .
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The American Economic Liberties Project works to ensure America’s system of commerce is structured to advance, rather than undermine, economic liberty, fair commerce, and a secure, inclusive democracy. Economic Liberties believes true economic liberty means entrepreneurs and businesses large and small succeed on the merits of their ideas and hard work; commerce empowers consumers, workers, farmers, and engineers instead of subjecting them to discrimination and abuse from financiers and monopolists; foreign trade arrangements support domestic security and democracy; and wealth is broadly distributed to support equitable political power.