The US economy suffers from a market power problem that has invaded many sectors, including health care, telecommunications, and technology. As firms become more powerful, they are able to profit by taking advantage of other economic stakeholders rather than growing the overall economic pie. Competition as America once knew it—firms working to provide better goods

FOR IMMEDIATE RELEASE: April 10, 2019 CONTACT: Ariela Weinberger, aweinberger@rooseveltinstitute.org A New 21st Century Policy Agenda: Roosevelt Report Proposes Changing the Balance of Power in the Economy At Washington DC launch event, Roosevelt experts presented a new approach to policymaking, with a keynote from former Georgia House Minority Leader Stacey Abrams WASHINGTON, DC — Today,

FOR IMMEDIATE RELEASE: April 10, 2019 CONTACT: Ariela Weinberger, aweinberger@rooseveltinstitute.org Roosevelt Institute Releases New Policy Report on Tackling 21st Century Economic Challenges New report offers bold approach to policymaking: curbing concentrated power and reclaiming public power in our economy and political system NEW YORK, NY — Today, the Roosevelt Institute, a New York-based think tank

America’s political landscape and economic thinking are shifting. The 2016 election—and the rise of powerful movements over the past decade—has shown us that Americans are calling for change. They want a diagnosis of our economy to help make sense of what’s gone wrong and to suggest ways to make things better. In New Rules for

The pharmaceutical industry isn’t working for most people in the US. Over 80 percent of Americans across the political spectrum believe that lowering drug costs should be a “top priority” for lawmakers and believe that prescription drug costs are “unreasonable.” This growing scrutiny presents an opportunity to question the ways that drug corporations run business, as

The United States has a labor monopsony problem. Though legal tools are already in place to combat monopsony, they have only been used against the most obvious forms of anticompetitive conduct like no-poaching agreements. More generally, there has been virtually no enforcement against abuses of monopsony power in labor markets. In a Roosevelt Institute working

In partnership with the Economic Policy Institute, Roosevelt Research Associate Adil Abdela and Research Director and Fellow Marshall Steinbaum examine the impact of the proposed Sprint/T-Mobile merger on the labor market. Cutting the number of national players in the U.S. wireless industry from four to three, this move would escalate market power in the industry

During a time when Facebook is being used as a tool of genocide and ethnic cleansing, Amazon is striking deals with Apple to put iPhone refurbishers out of business, and Google is manipulating search results to promote its own products, it is still difficult to find a group of experts willing to admit that Big

Last week, Senator Kamala Harris (D-CA) introduced a sweeping, bold economic policy idea: the LIFT the Middle Class Act. The LIFT (Livable Incomes for Families) Act would essentially be a dramatic expansion of the Earned Income Tax Credit (EITC), making it much larger and available to many more Americans. A few days later, the conservative

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