Fighting companies monopolism will affect US economy, international trade movement [VIDEO]

(FASTNEWS | UNITED STATES) – The writer and political-economic analyst specializing in American affairs, Nabil Mikhail, says that US President Joe Biden’s anti-monopoly decision is an important decision and will have a significant role and impact, not only on the US economy, but also on the international trade movement, and Mikhail added, that giant companies monopolize the Economic superiority over the rest of the start-up companies and small business companies and caused the economic weakness or collapse of these companies, and the political analyst wondered how to implement the decision, would it be by filing lawsuits against these companies to the judiciary in a move to try to reduce the influence of these giant companies and allow laws through which there will be a chance to creating new companies competing with these giants.

It is reported that President Biden signed a decision to combat monopolistic practices that affect small companies, consumers and employees, in addition to encouraging competition in multiple sectors and working in new decisions and rules for employment, which will be supportive to allow the economy to progress and grow, the rise of the big companies over the past decades have reduced the potential of competition and also led to higher prices for consumers.

Source: A24 News Agency