The State of U.S. Antitrust Law

On Friday, September 21, Roosevelt Chief Economist Joseph E. Stiglitz provided opening remarks at the ongoing Federal Trade Commission (FTC) hearings regarding competition and consumer protection in the 21st century. Professor Stiglitz called for a new antitrust standard, as outlined in an upcoming report co-authored by Roosevelt Research Director and Fellow Marshall Steinbaum. Watch the keynote here and

Since the 1970s, America’s antitrust policy regime has been weakening and market power has been on the rise. High market concentration—in which few firms compete in a given market—is one indicator of market power. From 1985 to 2017, the number of mergers completed annually rose from 2,308 to 15,361 (IMAA 2017). Recently, policymakers, academics, and

MEDIA ADVISORY: August 15, 2018 CONTACT: Kendra Bozarth, kbozarth@rooseveltinstitute.org STATEMENT: Roosevelt Institute Policy Counsel Responds to Bill Introduced by Sen. Elizabeth Warren to Amplify Worker Voice New York, NY—Today, Sen. Elizabeth Warren (D-MA) introduced legislation that would require large corporations to consider the interests of employees and other stakeholders in their decision-making. The Accountable Capitalism Act

Editor’s Note: On August 15, 2018, Senator Elizabeth Warren (D-MA) introduced the Accountable Capitalism Act, legislation that would require corporations to consider the interests of all stakeholders within the firm—not only shareholders—in company decisions. Corporations are made up of a wide range of stakeholders: workers, managers, executives, and shareholders. Currently, only executives and shareholders have the

FOR IMMEDIATE RELEASE: July 31, 2018 CONTACT: Alexander Tucciarone, atucciarone@rooseveltinstitute.org, 516-263-9775   NEW REPORT: U.S. CORPORATIONS ARE SPLURGING ON STOCK BUYBACKS WHILE WORKER WAGES STAGNATE It’s about priorities: McDonald’s could pay its 1.9 million workers $4K more per year with money it spent on buybacks   NEW YORK, NY – At a time when highly profitable

In a joint publication of the National Employment Law Project (NELP) and the Roosevelt Institute, Irene Tung and Katy Milani expose the extent of stock buyback spending across the U.S. economy from 2015 to 2017—finding that companies spent almost 60 percent of net profits on buybacks. At a time of growing economic inequality, with millions

For a full analysis of why stock buybacks artificially boost share prices and reward shareholders and executives to the real detriment of workers and our economy at large, see Stock Buybacks: Driving a High-Profit, Low-Wage Economy. Monday’s bold speech by Robert Jackson Jr., Commissioner at the Securities and Exchange Commission (SEC), will hopefully mark the

FOR IMMEDIATE RELEASE: June 12 2018 CONTACT: Alexander Tucciarone, atucciarone@rooseveltinstitute.org, 516-263-9775   STATEMENT: THE ROOSEVELT INSTITUTE RESPONDS TO VERDICT IN AT&T-TIME WARNER MERGER TRIAL   NEW YORK, NY– In response to Judge Richard Leon’s verdict in the Department of Justice (DOJ) Antitrust Division’s lawsuit to block the merger of AT&T and Time Warner, Roosevelt Institute

Following decades of lax antitrust enforcement, the airline sector today suffers from a market power problem. Fewer firms means there is less competition, which is great for corporate profits but bad for consumers and other stakeholders. In “Airline Consolidation, Merger Retrospectives, and Oil Price Pass-Through,” Roosevelt Research Director Marshall Steinbaum studies the last 10 years

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In light of the corporate tax cuts—included in the Tax Cuts and Jobs Act (TCJA)—former Roosevelt Legal Fellow Andrew Hwang examines global tax avoidance schemes that are likely to remain pervasive among multinational corporations and proposes policy tools to curb these practices. “Thinking Outside the (Patent) Box: An Intellectual Property Approach to Combating International Tax

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