December 9, 2022

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Biden says he expects congress to act on US debt ceiling

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Biden to sign executive order to increase competition

  • We’ve seen less competition in our economy and that’s holding our economy back
  • Cites pharma, hearing aids and internet services
  • Capitalism without competition isn’t capitalism, it’s exploitation
  • There will be no more tolerance for abusive monopolies
  • FDA will safely import prescription drugs from Canada
  • Hearing aids will be sold over the counter
  • Executive order will target non-compete clauses

There’s a strong consensus about eliminating non-compete clauses, especially in low-wage workers. He cited clauses preventing McDonald fast food workers from going to Burger King. 

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