this post was submitted on 23 Mar 2025
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Fuck Trump, but this one is a bipartisan effort that has been ongoing since the Clinton administration accelerated the deregulation train. There has also been very little action towards anti-competitive practices for a very long time.
Don't get suckered into a red vs blue mindset here. This is a battle against corporate and billionaire abuse of power.
EDIT: If I am being honest, I was all onboard the deregulation train back in the nineties. I was young and ignorant. I never imagined the damage it would bring.
It was a lot more practical for new players to enter most of these markets back in the 90s, before the megacorps started to fully metastasize. Deregulation [of some industries] wasn't the objectively bad choice that hind sight makes it seem like back then, just something worth trying to see if it improved outcomes. Remember, regulations are supposed to regularly change to meet the needs of the time, not be a lifetime commitment one way or the other that the political deadlock of the '00s and '10s made it seem.
Almost the entirety of US car manufacturing is done by three carmakers. It's been like that since at least the end of WW2.
Obama establishing the CFPB was a pretty big win for Americans.