On Friday, President Joe Biden signed and permitted a new executive order targeted at clamping down on anti-competitive practices in Big Tech, several different sectors, and labor. At the White House Biden conveyed his perception about this in a speech before signing this directive and said “capitalism without competition isn’t capitalism. It’s exploitation.” 
The board order, which has 72 recommendations and actions that associate with more than a dozen federal agencies, is forced to reorder the thinking across corporate connecting and antitrust laws. It comes out among all according to a White House fact sheet. These massive number of initiatives and targets are included-
- Applying the Federal Trade Commission to “challenge prior bad mergers” that last administrations let slide.
- Propelling the FTC to resist occupational licensing restrictions, arguing they “impede economic mobility.”
- Inspiring the FTC to resist or control non-compete agreements.
- Motivating the Federal Communications Commission to retreat “net neutrality” laws that were still unfinished in between the Trump administration.
- Asking the FCC to block exclusivity deals between broadband and landlords service providers.
- Lowering prescription drug values by helping tribal and state attempts to import cheaper drugs from Canada.
- Permitting hearing aids to be sold over the counter.
- Establishing a “White House Competition Council” to dictate federal responses to huge corporations’ developing economic power.
- The chief economic advisor of the White House, Brian Deese said before Friday morning in an exclusive interview that “the impulse for this executive order is really around where can we encourage greater competition across the board.”
