Group seeks protections for small businesses from behemoths
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Group seeks protections for small businesses from behemoths
April 6, 2021
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NEW YORK (AP) A group of small and independent businesses are joining together to push for more protection against behemoth corporations threatening to stamp them out.
The new coalition, named Small Business Rising, is seeking changes to federal policies that they claim favor large businesses like Amazon and put them at a competitive disadvantage.
The group wants policymakers to break up and regulate technology monopolies; make antitrust laws stronger and easier to enforce, as well as take a closer look at large-scale mergers.
Coalition members include the American Booksellers Association, American Independent Business Alliance, Main Street Alliance and the National Grocers Association.
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A coalition of independent businesses launched Tuesday with the goal of urging federal policy reform to rein in the market power of top tech companies.
The coalition, Small Business Rising, specifically takes aim at Amazon accusing the e-commerce giant of anti-competitive tactics and harming small firms nationwide.
“Concentrated market power is the single biggest threat facing independent businesses,” Stacy Mitchell, co-director of the Institute for Local Self-Reliance, said in a statement. “Every day, we lose more small businesses because of the abusive and anti-competitive tactics of Amazon and other monopolies. This campaign gives America’s entrepreneurs a platform to stand up and call on policymakers to check monopoly power and reinvigorate the antitrust laws.”