itif.orgTheCaseforCrackingDownonLargeCorporationsandPromotingSmallBusinessesIsDeeplyFlawedTRELYSALONG|JULY2024ADemocraticstaffreportfromtheHouseSmallBusinessCommitteeclaimsthatsmallbusinessesarebetterfortheeconomyandlargefirmsareharmingit.Butmostofthereport’sassertionsstemfromflawedresearch,anditspolicyrecommendationswouldbedetrimental.KEYTAKEAWAYSSmallBusinessCommitteeRankingMemberNydiaVelazquez(D-NY)releasedastaffreportlatelastyearthateffectivelyechoesandsupportstheantitrustenforcementparadigmchampionedbyFTCChairLinaKhan.TheVelazquezreport’sassertionsthatsmallbusinessespromotehigherincomegrowthandlowerpovertyrateswhilereturningahighershareofrevenuetolocalcommunitiesallrelyonflawedresearch.Theyarefactuallyquestionable,atbest.EvidencealsosuggeststhattheVelazquezreport’scontentionsaboutlargefirmsgainingmarketpowerandtheirsubsequentimpactonsmallbusinesses,localcommunities,inequality,andpricesarelikelyinaccurate.Theassertionthatconsolidationcannegativelyimpactsupplychainresilienceisinaccuratebecauseitfailstoconsidertheroleofinnovation,scale,andgeography.Byattackinglarge,highlyproductivefirms,thereport’spro-small-businesspolicyproposalswouldraisepricesandlimitinnovation.Ratherthanembraceananticorporateagendatoencouragenewbusinesscreation,Congressshouldembracefirm-sizeneutralityinallitspolicies.INF...
发表评论取消回复