Battling bigness: Congress eyes action against monopolies
March 17, 2021
WASHINGTON (AP) — The battle against bigness is building. Whether it's beer, banks or book publishing, lawmakers are targeting major industries they say have become so concentrated that they're hurting competition, consumers and the economy.
The economic dislocation of the pandemic has laid bare the struggles of small businesses unable to compete with corporate giants that have been able to capitalize on the new order. Experts and lawmakers are throwing out stunning stats:
The four biggest airlines control about 65% of U.S. passenger traffic, five giant healthcare insurers control an esti...