🚨California just took a major step toward tackling corporate power and the affordability crisis.
Gov. Newsom signed a new law updating California’s antitrust laws for the first time in more than a century, following a multi-year campaign led in part by our affiliate,
@ESP_Action, alongside a broad coalition of advocates, organized labor, and small businesses.
California’s antitrust framework had remained largely unchanged since 1907, even as corporate power and the economy transformed around it. The new law gives state enforcers stronger tools to take on monopoly power and closes loopholes that have allowed dominant corporations to block competitors, squeeze small businesses, suppress wages, and consolidate their power.
Amid an affordability crisis, as families struggle to afford groceries, housing, healthcare, and other everyday essentials, taking on concentrated corporate power is a critical part of making life more affordable. More competition means more choice for consumers, a fairer shot for small businesses and workers, and less power for dominant corporations to set the terms of our economy.
This is a huge win for Californians and for everyone fighting for an economy that works for people, not just the most powerful corporations. Congratulations to everyone who helped make it happen.🎉
Read our full statement:
economicsecurityproject.org/…