NEW REPORT: Trump's Opportunity to Unleash Technology By Replacing Biden's Antitrust Agenda
Find out how Trump and Congress can unleash the tech sector!
Hello Friends!
Given the new Trump administration and opportunities to reverse the costly progressive efforts of the Biden administration, my firm, Ginn Economic Consulting, partnered with NetChoice to publish this report today.
Biden’s FTC and DOJ's antitrust agenda was a disaster. Trump and Congress should replace this nonsense with an approach that fosters competition in the private sector by adhering to the consumer welfare standard and free-market principles rather than a political witch hunt that hurts consumers and producers. See the summary below for more details!
Please read the full report, share it, comment with your thoughts, and invite me to discuss it on your show or at your event. Thanks!
Trump's Opportunity to Unleash Technology By Replacing Biden's Antitrust Agenda
Overview
The Trump administration, supported by a Republican-led Congress, has a pivotal chance to reverse the damage inflicted by the Biden administration's misguided antitrust policies. This report outlines the path to unleashing America’s tech potential through innovation, competition, and free-market principles.
Key Points
Restore the Consumer Welfare Standard: Antitrust enforcement should prioritize consumer benefits rather than penalizing success or favoring bureaucratic control.
Boost Innovation and Investment: The U.S. tech sector leads global innovation with $450 billion in annual R&D investments, which drive advancements in AI, biotechnology, cybersecurity, and energy.
Empower Small Businesses and Entrepreneurs: Platforms like Amazon and eBay provide tools for small businesses to reach global markets and fuel regional economic growth.
Create High-Paying Jobs: The tech industry directly employs 9.4 million workers, with a ripple effect creating additional opportunities in manufacturing, logistics, and construction.
Enhance National Security: U.S. leadership in AI and quantum computing is essential for maintaining a strategic edge against China and other global adversaries.
Reject Regulatory Overreach: Excessive regulation under Biden stifled innovation and increased costs for consumers. Removing these barriers will restore competitive markets.
Encourage Mergers and Acquisitions (M&A): Smart M&A policies enable technological breakthroughs and ensure the U.S. remains an innovation hub, unlike Biden-era policies that blocked critical deals.
Protect Financial Security: The tech sector underpins the financial stability of millions of Americans, playing a vital role in retirement accounts and pension funds.
Strengthen Global Competitiveness: By rejecting European-style overregulation and authoritarian state subsidies, the U.S. can maintain its technological dominance and foster free-market innovation.
Conclusion
The report highlights a roadmap for the Trump administration and Congress to promote free-market policies, secure America’s technological leadership, and prioritize innovation and economic growth. Confirming regulatory leaders who support these principles is vital to achieving these goals.