The senator, a candidate for the 2020 Democratic presidential nomination, argues in an interview that President Trump has turned antitrust action into a political weapon.
Sen. Amy Klobuchar argued in an interview Tuesday that Americans' anger over drug prices, tech privacy violations and megamergers indicates U.S. laws need to change.
We have a major monopoly problem. We’ve seen a 50 percent increase in mergers in the last five years, and we’ve seen now a number of trillion-dollar companies. It doesn’t mean every big company is bad; it just means we’re seeing more and more consolidation of power. The problem is, our antitrust laws haven’t attacked changes in the kinds of businesses we have.
And then also do something about the antitrust laws. I have two bills: One is to increase the fees on companies that are in megamergers, so that we can better fund the Federal Trade Commission and the Justice Department. The second piece of it is to do something about the [legal] standard.I would like to see investigations which are going on right now at the FTC of the different aspects of these monopoly companies.
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