The Biden Administration has made root-and-branch reconstruction of antitrust law and competition policy a centerpiece of its economic agenda. This moment was overdue. For decades, big business-friendly lawyers and economists have dominated antitrust and remade the law to reflect their own policy preferences. They targeted trade restraints between competitors, no matter how small, when the restraints were likely to raise consumer prices and reduce output in the near term—what they called the “consumer welfare” approach—and otherwise generally respected the prerogatives of corporations, no matter how big, to do what they wanted. Federal antitrust officials and judges jettisoned traditional concerns about the concentration of economic and political power and the threat of such power to consumers, workers, entrepreneurs, and citizens. Further, they promoted policies anchored in the belief that most business practices, including mergers and acquisitions, are generally beneficial to consumers. Figures such as Judge Robert Bork and Justice Stephen Breyer advocated for a narrower antitrust law as scholars and directly changed the law as jurists. As these two names indicate, this was a bipartisan project.

The next President of the United States needs to focus on ensuring our future generations get off to a great start in their first decade of life.
Getting off to a good start as a young child is essential to ensure that our future generations are here to provide the stability as good learners, ready to tackle the challenges that will face them. Today challenges of living in a complex world of constant bombardment from social media will only get more challenging as the technology evolves.
There are several specific actions the next President should take to get our next generations off to a good early start.
The President should focus on ensuring every child born is screened for learning and mental health issues by age three. Early intervention can make all the difference in finding the most appropriate path tailored to the child.
He or she should also dramatically expand the child tax credit, support families saving for college, and fund it directly with federal spending. Ideally, it would be a match to state funding to ensure a race to the top for all states.
The next President should fully fund universal access to childcare and pre-school, as is done in much of Western Europe and Asia. Expansion of high-quality early learning has extraordinary returns—the earlier the better. Those students should have access to healthy meals and targeted support for those with learning disabilities including autism and dyslexia.
Many parents either choose to or need to work to just get by in today’s demanding economy. Childcare should be free to those who need it. If parents or grandparents are providing the care, they should be eligible for the earned income tax credit that is equal to the highest minimum wage in the country.
The President should raise national standards to ensure every child is at grade level in reading and math by age 10. That will require an investment in our educator workforce not seen in decades. We will need teachers, aides, and specialists who can deliver what our kids need. They will need both formal education and new kinds of apprenticeships so as to give advancement opportunities to those who truly care about kids and have proven that they want to make their avocation their vocation. Coaches who are expert at helping our youngest learners read and learn are essential and should be celebrated (and paid accordingly).
The only practical way to get to that level of learning is to expand before- and after-school programs including summer school for those who want it. Learning should be year-round for all, not just for privileged families.
Finally, the next President should implement the strongest possible age verification for access to social media and gaming sites as well as other restrictions to limit young children’s screen time. This is a fast-moving territory, and the best path is likely to let states take the lead, see what works, and then expand it nationally. Children should not be bombarded with unhealthy content or ads, let alone truly awful images. Phones should not be allowed in elementary school except for emergencies, and certainly not in the classroom. Age verification is not a technical issue as European countries have shown. It needs to be implemented in the United States.
It may seem counterintuitive for a President to focus on those who can’t (yet) vote. But their parents and grandparents can. We need a President who is focused on the longer-term future of our country not just those who vote today. Parents and grandparents get it. Pay attention and you’ll get their vote. Deliver for them and we’ll all be thrilled.
The challenge isn’t what to do; it’s the courage to be bold and make it happen. Most of Western Europe is already there, and our leading states are as well. Our next President needs the boldness and courage to make it real for all Americans.
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