US Politics
A Hollow Victory: How Corporate Power Defanged California's Antitrust Revolution
Governor Gavin Newsom signed Assembly Bill 1776, the California COMPETE Act, modernizing the state's antitrust laws to give the attorney general and district attorneys new power to sue individual businesses for anti-competitive conduct. This is a sobering testament to how concentrated corporate power, through multimillion-dollar lobbying campaigns, can strip the teeth from progressive legislation, leaving a hollow victory for consumers and small businesses that betrays the promise of a fair economy.
