We need your help to urge Congress to pass S. 3404, the Food and Agribusiness Merger Moratorium and Antitrust Review Act of 2018. This legislation would place a moratorium on large agribusiness, food and beverage manufacturing, and grocery retail mergers and acquisitions and establish a commission to review mergers, concentration, and market power in those sectors and develop recommendations to establish a fair marketplace for family farmers and their communities.
Our country is founded on the principle that every citizen should have equal access to America’s prosperity. The original Tea Party was a statement of protest against the government of England giving to the East India Company mandated monopoly over all of the tea trade in America. The English policy cut out all merchants from the business of selling tea and created a vertically integrated model with one monopoly controlling all aspects of a commodity.
Today, our government, through lack of enforcement of our antitrust laws, has granted the same monopolistic opportunity to a few multi-national corporations. The failure of our government to fully enforce marketplace safeguards – the Sherman Act, the Clayton Act and the Packers and Stockyards Act – is denying Americans their opportunity to have their piece of the American Dream and is a threat to our very democracy. These safeguards were passed by the Congress in the late 1800s and early 1900s to break up the excessive market power of the large corporations of the day which had manipulated the government and the markets placing a stranglehold on our government and our markets. Teddy Roosevelt was the first “Trust Buster.”
Organization for Competitive Markets’ primary objective in this work is to ensure antitrust and anti-competition laws are enforced and have the teeth necessary to provide the marketplace with safeguards so it can do its job for all of us delivering the democracy America represents as the Land of Opportunity. Over this past year, Congress has held two hearings on the topic of our failed antitrust laws. OCM is committed to raising awareness of the harm caused to the farmer, the consumer and our U.S. economy in an effort to bring about judicial and congressional reforms.