American Economic Liberties Project
@econliberties
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The American Economic Liberties Project is fighting to realize economic liberty for all, in support of a secure, inclusive democratic society.
Washington, D.C.
Joined November 2019
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Last Seen Profiles
Pinned Tweet
BIG: The highly anticipated 2024 Anti-Monopoly Summit is LIVE NOW. Tune in below to watch the action-packed day as we celebrate the movement’s wins, build power, and elevate new voices to take on corporate power. Join us at
#AMS2024
.
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.
@AOC
hits the nail on the head.
Corporate consolidation is driving prices for consumers up and wages for working families down.
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1K
6K
Confronted with Ticketmaster's failures and calls to break it up, the Chairman of its parent group blames the chaos on...Taylor Swift herself?
Ticketmaster will twist any situation to protect its market power over live events.
75
249
1K
🚨ICYMI:
@FTC
released evidence confirming the high price of oil from 2021-2023 was due to collusion between US producers and OPEC.
This HUGE conspiracy cost each American $500-1000 per year, according to our estimates. Our new factsheet breaks it down.👇
37
753
1K
🚨NEW: Apple didn't allow
@jonstewart
to interview
@linakhanFTC
or discuss certain topics when his show was on AppleTV+
A clear example of concerns
@JusticeATR
highlighted in its antitrust suit.
Apple can use its power to exercise control over content it doesn't approve of.
25
276
994
🚨BIG:
@rosadelauro
amplifies
@FTC
's finding of oil price-fixing at today's oversight hearing.
"Energy companies would rather collude with a cartel than let the free market determine the price at the pump."
"This shows why we must do everything we can to support the
@FTC
."🔥🔥
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285
758
“Not much in social science makes sense except in light of power struggle … Brandeis was very much about this, but the consumer welfare standard ignored it.”
In conversation with
@linakhanFTC
,
@DAcemogluMIT
says you can't understand the economy without accounting for power.👇🧵
10
147
624
🚨BIG:
@RepMarkPocan
applauds
@FTC
for revealing an oil price-fixing scheme that cost Americans billions from 2021-2023.
"I just did a little napkin math ... That's $175 million a year—just for people in my district—that we're being gouged."
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611
"There's literally not been a single time in our career where we've played at a Live Nation venue where we had any opportunity to not have Live Nation be the promoter or Ticketmaster be the ticketing company." -
@lawrencetheband
This is what a monopoly looks like.
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WOW: A majority of Americans now blame corporations for rising prices.
But what’s less-discussed is that it’s monopoly power that ultimately enables “greedflation”—and policymakers and enforcers DO have the tools to address it.
A 🧵on what’s happening & ideas to do more.👇
🚨 NEW POLL: 85% of Americans now blame corporate greed for inflation, including 90% of Americans working in service industry jobs.
📈 This also includes 59% who say corporate greed is a “major” cause of inflation, a 15 point increase since January 2022.
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Kroger's CEO just went on TV to spread the narrative that "synergies" from grocery mergers—like the one his company is attempting with Albertsons—result in lower prices.
This is a myth. Our thread has the economic research proving it.👇🧵
Amid reports
@FTC
will sue to block the Kroger-Albertsons mega-merger, you might have noticed a PR push claiming the deal will somehow lower food prices for shoppers.
That’s bogus. Economic research and the companies’ own internal documents say otherwise.👇🧵
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BIG: We’re launching a campaign to
#BreakUpTicketmaster
w/
@fightmonopolies
,
@MorePerfectUS
,
@sportsfanorg
,
@FanFreedom
,
@ConsumerFed
,
@artistrightsnow
, &
@ncl_tweets
.
Has your ticket buying experience been hell lately? Our campaign lays out why — and how you can take action.🧵
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130
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"Amazon has rolled out this pay-to-play advertising scheme that is actually showing consumers less relevant results and steering them to more expensive products."
@linakhanFTC
walks through how Amazon uses its monopoly power to hike prices while its quality degrades.
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Research finds that within five years of when a Walmart comes to town:
⚠️wages decrease by 5.2%
⚠️employment decreases by 2.9%
⚠️labor force participation goes down by 1.4%
@AOC
and
@LipstickEcon
explain more 👇
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"He talked about small things that you usually don't hear about in a
#SOTU
, but that *really* bug people...It showed that Biden was talking to the average American."
@SenSchumer
praising
@POTUS
' work to crack down on junk fees.
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"They’re using exaggerations, half-truths, and outright deception in an attempt to destroy the career of the first public servant in decades to run the FTC as it’s written in law, instead of serving as a handmaiden to industry."
@ddayen
's latest.👇
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Just in time for
@taylorswift13
’s latest tour, we’ve now hit 11,000 emails to the DOJ as part of our
#BreakUpTicketmaster
campaign.
Join the growing movement of fans, artists, & venue owners that want to break
@Ticketmaster
's dominance over live events.
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Kroger & Albertsons “routinely colluded to not hire each other’s workers in order to suppress wages and break their unions.”
With a
@FTC
suit reportedly on the way,
@matthewstoller
on the bomshell findings coming out of state suits against the merger.👇
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NEW 🚨: Today, we sent a detailed letter to
@TheJusticeDept
,
@FTC
, and
@SECGov
, laying out the case for criminal investigations into Mark Zuckerberg, Sheryl Sandberg, and other Facebook executives. 🧵
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⏰BREAKING: The New York State Assembly just passed legislation to BAN noncompete agreements.
This bill, spearheaded by
@SenSeanRyan
, is off to
@GovKathyHochul
's desk. She should sign it ASAP.
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Larry Summer can call it "hipster brandiesian antitrust", but the fact is monopoly power can drive inflation.
Just watch
@linakhanFTC
describe how here:
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“The President is a pro-worker president. M&A is bad for workers and good for capital--anytime you see something bad for workers and good for capital, the President is against it.”
@jimcramer
says the quiet part out loud!
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🚨 NEWS: Kroger just reported a *MASSIVE* $3.7 billion in operating profits this year.
That's a 37% increase over 2021!
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ICYMI:
@FTC
released evidence confirming the high price of oil from 2021-2023 was due to collusion between US producers and OPEC.
This is a HUGE conspiracy that should be front page news.
@RepMarkPocan
breaks it down here—and our new factsheet has more.👇
This should be front page news!
The CEO of an American oil company was caught colluding with foreign oil producing nations to rip off hard working Americans by BILLIONS of dollars.
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354
.
@SenWarren
&
@RepMondaire
's Prohibiting Anticompetitive Mergers Act takes “direct aim at the record-shattering merger frenzy now supercharging the concentration of wealth and power in America.”
@sarahmillerdc
tells
@thehill
more 👇
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While some say noncompetes only apply to big shot corporate executives, that's simply not true.
Here's the story of hair stylist Emily Olson, who was trapped by a noncompete so restrictive that it prohibited her from even doing her own mother's hair...
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CNBC’s Steve Liesman is no firebrand but even he isn’t buying corporate spin on inflation.
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Last week,
@FTC
released evidence of a HUGE price-fixing conspiracy between American oil producers and OPEC, which has driven gas prices sky-high since 2021.
It's shocking how candid Big Oil execs have been about a blatant conspiracy costing consumers billions each year.👇🧵
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336
"We talk about regulatory capture, but there's also scale capture. [PBMs] do everything possible to keep you from moving."
Just now,
@mcuban
on the anticompetitive tactics pharmacy benefit managers use to maintain their stranglehold on the drug industry.🔥🔥
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92
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The
@WSJ
opinion page just published their 80th hit piece against
@linakhanFTC
yesterday. That's an average of one piece every 11 days since she took office.
When the voice of Wall Street is this angry with you, it's a sign you're doing something right👇
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This comes amid other monopolist challenges to
@FTC
's constitutionality, and a Supreme Court case challenging
@SECGov
.
Big corporations want to use the courts to eliminate all checks on their power--basically, to eliminate democratic governance itself.🚨🚨🚨
BREAKING: Mark Zuckerburg and Meta are asking the courts to declare the Federal Trade Commission unconstitutional.
Meta's suit also asks the court to stop the FTC from ordering the social media giant to stop collecting revenue on data from people under age 18.
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Corporate America is celebrating record-breaking profits while jacking up prices for working families and small businesses.
That’s not inflation — it’s corporate profiteering, plain and simple.
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"Industry has become more concentrated in the hands of fewer companies, and this allows companies to raise their prices without worrying about losing consumers."
"The way to deal with it is through antitrust law."
@RBReich
connects inflation to consolidation on
@CNBC
.👇📺
I joined CNBC for a (somewhat heated) discussion of what's driving inflation and whether billionaires should be taxed. Take a look.
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Today, Economic Liberties is proud to release “The Courage to Learn."
It's a deeply researched case for abandoning the consumer welfare approach & a comprehensive, new antitrust and competition policy agenda for Congress & the Biden administration.
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This is the WSJ editorial page's 86th hit piece against
@linakhanFTC
since she took office...
When the voice of Wall Street is this angry with you, it’s a good sign you're doing something right.
We're keeping track of the full list here👇
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🚨HUGE: The
@FTC
and
@JusticeATR
released their highly-anticipated, updated merger guidelines earlier this morning.
That may sound wonky, but trust us, this is a BIG deal. Here’s why.🧵👇
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🚨New Speaker Alert: We're pleased to announce that
@SecretaryPete
will give closing remarks at the 2023 Anti-Monopoly Summit.👏
He'll join other regulators, policymakers, labor leaders, and small biz owners as we build power to fight consolidation.
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🚨NEW: Google is so afraid of being held accountable by the public that they just tried to PAY the DOJ to block a jury trial...
We all know what happened the last time a jury heard a monopoly case against Google. Now they're trying to buy their way out of it happening again🤯
New filing: "United States v. Google LLC (Dep't of Justice Ad Tech Monopoly)"
Doc
#630
: Memorandum in Support re 628 MOTION to Strike Jury Demand and to Dismiss filed by Google LLC. (Attachments: # 1 Affidavit, #…
[full entry below 👇]
PDF:
#CL66753787
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In its latest suit against Apple,
@JusticeATR
reveals a LOT of new info on how the company wields power against consumers and smaller companies.
Skeptical? Here’s a 🧵 that busts some Apple myths.
Spoiler alert: it's more than just green bubbles.👇
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🚨BREAKING: Meta, following the typical monopolist playbook, just filed a lawsuit challenging
@FTC
's constitutionality.
It's a baseless attack from a company that has repeatedly shown itself willing to sacrifice users’ safety and privacy for profits, says
@CapitolKVD
.👇
What is Facebook’s response to the ugly stories on how it tracks and manipulates children? To apologize? To obey the Federal Trade Commission’s order to stop? Nope.
Zuckerberg just asked a court to declare the FTC unconstitutional.
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Amid reports
@FTC
will sue to block the Kroger-Albertsons mega-merger, you might have noticed a PR push claiming the deal will somehow lower food prices for shoppers.
That’s bogus. Economic research and the companies’ own internal documents say otherwise.👇🧵
6
121
253
"The President is using terminology that everybody understands, like 'Ticketmaster sucks.'"
@ChrisMurphyCT
on how
@POTUS
' fight against junk fees illustrates a broader battle against corporate power's undue influence over our lives.
11
44
251
🚨NEW:
@FTC
just secured its first-ever ban on the use and sale of sensitive location data.
Data broker X-Mode sold data tracking people's visits to health clinics, shelters, places of worship—all without consent.
The agency's efforts to fight for our privacy are critical.
3
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Did you know junk fees cost working families BILLIONS of $$$ a year?
Here's
@chopracfpb
on
@CFPB
's efforts to take on junk fees across banking, which could save consumers $9 BILLION per year.📺👇
#BanJunkFees
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85
243
🚨BIG:
@SenWarren
proposes breaking up big pharmacy benefit managers🚨
By banning PBMs from owning pharmacies, this amendment strikes at the core of CVS, Cigna, and UnitedHealth Group's monopoly power.
Here's why that's good news for patients and pharmacists.👇🧵
3
57
241
Did you know your
@Facebook
app on your phone can track what you do in other apps?
Now, you can opt out of this cross-app tracking with
@Apple
’s new software update.
Spread the word:
#EveryoneOptOut
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"Banning noncompetes for most workers has substantial bipartisan support, because it is justified by research and real-world experience," says the
@washingtonpost
Editorial Board.
Read the full piece here.👇
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🚨BREAKING: A judge in Boston just ruled in favor
@JusticeATR
and against the harmful JetBlue-Spirit merger.
This is a HUGE victory for travelers, the airline industry, and antitrust enforcers.💪
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1/ There’s going to be a bailout for big corporations so we thought it would be useful to show how they’ve been spending their money. Specifically on share buybacks, which is a way of moving money to Wall Street instead of factories and workers.
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Ticketmaster: You want to go to Taylor's Eras tour? Here's some unnecessary barriers, an unreliable website, and pricey "processing" fees.
Taylor Swift Fans:
Just in time for
@taylorswift13
’s latest tour, we’ve now hit 11,000 emails to the DOJ as part of our
#BreakUpTicketmaster
campaign.
Join the growing movement of fans, artists, & venue owners that want to break
@Ticketmaster
's dominance over live events.
2
147
405
0
49
216
Want to know what a secret corporate subsidy deal actually looks like?
Watch
@AnnaForFlorida
discuss what's she seen in her district in Florida and describe how corporations extract community wealth.
HINT: It involves a lot of silly codenames.
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210
Today, major vegetable subsidiaries of Chiquita and Dole announced they’re ending their attempt to merge, specifically citing scrutiny from
@JusticeATR
.
This is just the latest in a series of antitrust wins against Big Ag corporations trying to make food more expensive. 👇🧵
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216
“Behind the scenes, corporations have fought vigorously to thwart even the most basic rules that would require them to be more transparent about hidden charges.”
BIG weekend story from
@washingtonpost
, on resistance to
@POTUS
' war on junk fees.👇
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🔥 from
@Pat_Garofalo
in
@jacobin
.
"States and municipalities that use public funds to support Amazon’s network, in other words, are paying to harm their own local businesses and retail outlets."
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53
203
🚨HUGE: A jury just ruled in favor of
@EpicGames
and AGAINST Google's monopoly power.
@CapitolKVD
says "This is a message that justice can prevail in the fight against Big Tech’s outsized power over our lives."
Our full statement.👇
BREAKING: California jury finds Google violated US antitrust laws in running its Google Play app store. Full story on
@mlexclusive
by
@xy0o0
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Private equity firms are trying to loot Albertsons ahead of a clearly anticompetitive merger with Kroger, rendering it unable to compete while the merger is reviewed
We’re pleased to see that state enforcers
@BobFergusonAG
and
@AGKarlRacine
are fighting back.
NEW: We sued in federal court to stop Albertsons from paying out nearly $4 billion to private equity investors until we can complete our review of the proposed Albertsons/Kroger merger.
The companies own Safeway and Harris Teeter, major supermarket chains serving DC residents.
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🚨HUGE🚨: Merger Filing Fee Modernization Act PASSED in the House.✅
Honest businesses, working people, and consumers just TRIUMPHED over trillion dollar titans.
Despite an all-out lobbying war by monopolists, the strongest antitrust law in decades is advancing.
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🚨BREAKING: Google paid $26.3B in 2021 alone to maintain its monopoly power over search...
That's greater than the GDP of over 100 different COUNTRIES in 2021, according to the UN.
On Day 29, we got the figure. In 2021, Google paid $26.3 billion to ensure its search engine was the default on web browsers and mobile phones.
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200
"The President is using terminology that everybody understands, like 'Ticketmaster sucks.'"
@ChrisMurphyCT
on how
@POTUS
' fight against junk fees illustrates a broader battle against corporate power's undue influence over our lives.
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28
195
Corporate profits jumped **25%** in 2021. Why? Because Corporate America is jacking up prices for small businesses and working families way above and beyond their rising costs.
Keep this in mind when new
#CPI
numbers drop this week.
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192
.
@SenWarren
's new price gouging leg provides a critical lifeline for working families and small businesses, prohibiting opportunistic price increases from the biggest corporations.
Proud to endorse this bill to protect Americans from abuses of market power.💪
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Need a last minute Halloween costume idea? Try out
@Ticketmaster
!
Benefits include: scamming your neighbors out of extra candy through "service treat fees."
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188
Wondering why everyone from
@AOC
to
@WHCOS
is tweeting about Ticketmaster today?
Angry Swifties that can’t get tickets + Ticketmaster’s monopoly = complete chaos.
Another thread on why we’re working to
#BreakUpTicketmaster
.🧵
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53
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🚨BREAKING:
@business
reports that the
@JusticeATR
and
@USDOT
will BOTH take action to block the harmful JetBlue-Spirit merger.
That's HUGE news.👏
🚨MERGER WATCH: There’s a harmful deal brewing between JetBlue-Spirit that could further damage the consolidated airline industry.
@JusticeATR
has hinted they’ll try to block it, but here’s why we — many others — are ringing the alarm bells.
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56
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He won't be laughing when we
#BreakUpTicketmaster
.
Join over 20,000 fans, artists, and venue owners.👇
1
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182
Great breakdown of the Kroger-Albertsons merger's harms to consumers and workers from
@RBReich
.
To hear first-hand from stakeholders like
@UFCW
locals,
@FarmActionUS
and
@MikeCallicrate
, check out the highlights of our virtual event on the merger.👇
The Kroger-Abertsons merger is expected to be finalized in a little over a month.
The deal is a rotten egg. What's to stop this new grocery goliath from jacking up prices if customers have nowhere else to shop?
The FTC has the power to intervene and stop it. They must act.
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Wonder why monopolies have become so common, prices so unfair, wages so stagnant, and politics so corrupted over the last 40 years?
@rbreich
on the undemocratic dismantling of antitrust enforcement—and how
@JusticeATR
and
@FTC
are now turning the tide.🎯👇
It's my old boss's birthday. Here's why I'm not celebrating.
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Consumers across the U.S. are experiencing sticker shock over skyrocketing beef prices. But cattle ranchers have seen little to no returns.
So, where does the money go? To the big four meat processors.
@MorePerfectUS
explains more 👇
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2/ So here’s some research we did on the top 50 corporations in America, by revenue, and how much they've spent on share buybacks over the last five years.
1. Walmart: $33.8B
2. Exxon: $7B
3. Apple: $250.2B
4. Berkshire Hathaway: $6.2B
5. Amazon: $0
6. UnitedHealth: $10.6B
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"Together we have gone up against some of the most powerful corporations in the country--companies with nearly infinite resources--and walked away with concrete policy wins for the American people."
@linakhanFTC
on "a government that fights for the people" at
#AMS2024
.👇
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41
179
“Big Tech is not above the law.”
@matthewstoller
reacts to Google’s landmark antitrust loss—a sign that the walls are finally closing in on Silicon Valley monopolists, as trials loom in similar cases.👇
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“Lina just talked to business people and was like: ‘What’s going on? How does this market actually work?’ What she found is something that is not in the models, which is power.”
--
@matthewstoller
in
@guardian
's must-read profile of
@linakhanFTC
.👇📰
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We stand in solidarity with the 10,000 brave workers striking at
@JohnDeere
plants around the country. Deere has abused its dominant market position to exploit workers and constrain customers for too long.
THREAD + new corporate dossier 👇
Striking John Deere workers in Ottumwa, Iowa, tell us that there are over 120 people on the picket line. Restaurants are bringing down food for picketing workers and giving in-store discounts to union members, and Teamsters and UPS workers are refusing to cross the picket line.
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"The proposed merger would mean less consumer choice, lower wages for workers, and more opportunity for Kroger to jack up grocery prices," says
@RBReich
.
BREAKING: The
@FTC
has just sued to block Kroger's $24.6 billion acquisition of Albertsons.
The proposed merger would mean less consumer choice, lower wages for workers, and more opportunity for Kroger to jack up grocery prices.
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Watch the clip here.👇
Wow
@lawrencetheband
is killing it at the Live Nation-Ticketmaster hearing. Powerful commentary on how Ticketmaster sets fees and does not remit any to the artists.
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Another massive corporation celebrating record-breaking profits while jacking up prices for working families and small businesses.
This is called corporate profiteering, not inflation.
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.
@Amazon
has no business being a major player in the health care space, and regulators should block this $4 billion deal to ensure it does not become one.
Amazon said it had reached a $3.9 billion deal to acquire One Medical, a network of primary care clinics. The move is a big step in its plans to become a major player in health care.
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"Four years after a hospital merger, wages were 6.8% lower for nurses and pharmacy workers than they would have been."
Just now before the Pennsylvania House,
@Pat_Garofalo
spells out the harms of healthcare consolidation for patients, healthcare workers, and communities.👇
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165
"An economic paradigm shift appears to be underway within the US government, exemplified by a reinvigorated anti-monopoly movement."
@NabsIMA
of
@OxfamAmerica
on glimmers of hope in the fight against concentrated economic power.👇
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.
@ChuckGrassley
asks what the antitrust agencies are doing about pharmacy benefit managers that raise drug prices, harm patients, and hurt local pharmacists.
@linakhanFTC
breaks down how the
@FTC
is investigating the industry.
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We’ve got a crazy story to tell you about “ethics” in government and how it impairs our ability rein in corporate monopoly power.
Follow along, and make sure to let us know what you think. 👇🧵
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“There can be a sense of technological determinism, but looking back we see how it was a result of policy choices.”
Just now at
@DCNorg
,
@linakhanFTC
says journalism's existential crisis was not inevitable, but a result of allowing Big Tech to control digital advertising.👇📺
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@elamin88
That's why we launched a campaign to break em up last month!
Join the movement here.👇
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1/ 🚨 AMAZON CRIME ALERT 🚨
Per
@WSJ
: Amazon’s stealing trade secrets from independent businesses to develop competing products.
We noticed they also lied to Congress about it. Which is, you know, a crime.
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Have you been stopped from starting your own business because of a noncompete agreement?
Or stuck in an abusive workplace because your boss locked you in?
Just think they violate the spirit of fair competition?
Go to to tell the
@FTC
your story.
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“Junk fees may not matter to the very wealthy, but they matter to most folks in homes like the one I grew up in. They add up to hundreds of dollars a month…Americans are tired of being played for suckers.”
@POTUS
on his admin’s efforts to crack down on junk fees.
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While Kroger is jacking up prices, they're also trying to merge with one of their biggest rivals. Albertsons.
As with most cases of consolidation in retail, this is a bad deal for consumers, workers, and communities.
@sarahmillerdc
put it well in
@nytimes
:
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🚨BIG:
@NYSenate
just unanimously passed a bill to BAN nondisclosure agreements in corporate subsidy deals.
"By banning these secret deals, S545 will ensure New Yorkers are not subjected to this offensive and anti-democratic practice," says
@Pat_Garofalo
.
#NYSenate
Bill S545, sponsored by
@sengianaris
, passed (62-0, unofficial). Prohibits confidentiality and non-disclosure provisions from inclusion in certain contracts entered into by the state or a municipality:
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The WSJ Opinion section has now published 93 (!) attacks on
@linakhanFTC
since her term began—that's about one hit piece every 13 days.
When the voice Wall Street is this angry, it’s a good sign she's acting on behalf of the American public.👇
Some quick thoughts on that godawful WSJ editorial attacking Lina Khan and the FTC’s challenge to the merger of accessible luxury handbags …
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Non-competes bar workers from taking new or better jobs — and stop businesses from competing for talent.
Thank you,
@ChrisMurphyCT
,
@SenBlumenthal
,
@SenTinaSmith
,
@SenToddYoung
,
@SenatorCardin
,
@SenSherrodBrown
, and
@ChrisVanHollen
for calling on FTC & DOJ to ban them for good!
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🚨BREAKING:
@FTC
launches inquiry into Big Tech relationships with AI leaders, like Microsoft/OpenAI.
"We are scrutinizing whether these ties enable dominant firms to exert undue influence, or gain privileged access, in ways that could undermine fair competition."👇📺
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NEW:
@AmericanAir
CEO Robert Isom celebrates record earnings on
@CNBC
while consumers endure the worst summer in the history of the nation’s airlines.
His response? "We've got work to do on reliability."
Uh, yeah. So does
@SecretaryPete
, who refuses to hold him accountable.
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Worried about how expensive your Thanksgiving dinner is going to be this year?🦃
You can thank big corporations that are raising prices under the guise of inflation to pad their own profits.
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Instead of trying to bully Jonathan Kanter into recusing himself, maybe
@Google
should focus on complying with the law!
Thank you,
@SenWarren
&
@RepJayapal
for calling out the Big Tech giant 👏
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As
@linakhanFTC
says, "if you got your gym membership online, then you should be able to cancel your gym membership online."
Watch
@MorePerfectUS
' latest to learn why the
@FTC
is proposing a new "Click to Cancel" rule, which is likely to save you both money and migraines.
NEW: The FTC is taking aggressive action to stop one of the biggest business scams — “click to subscribe, call to cancel.”
@linakhanftc
explains the agency’s new rule.
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