We’re in the midst of a historic consolidation of corporate power. In the past 20 years, more than 75 percent of American industries, from corn to pharmaceuticals, have experienced increased concentration, with the average size of public companies tripling.
As monopoly regulations have eased through the intervention of corporate interests over the last 40 years, everyday Americans – particularly those from low and middle-income brackets – are dealing with the consequences and beginning to understand the impact concentrated economic power has on competitive markets, local communities and the lived experience of individuals and families. Today, we are seeing a mix of simmering public anger, legal and economic innovation and grassroots mobilization directed against monopolies, particularly Big Tech.
To take advantage of the opportunity afforded by this moment, the Anti-Monopoly Fund fills a need of directing resources to organize and expand the efforts of groups already dedicated to creating fair markets and enacting smart anti-monopoly enforcement and policy. The goal of the AMF is to harness the political and cultural moment we are in to create meaningful structural change to our economy and effectively use civic power to check private power that has fueled the massive inequality and lack of economic mobility that has plagued poor and middle-class Americans for nearly half a century. Ultimately, we aim for this effort to result in a stronger economy and democracy for all Americans.