"The heart of American capitalism is a simple idea: open and fair competition — that means that if your companies want to win your business, they have to go out and they have to up their game; better prices and services; new ideas and products. That competition keeps the economy moving and keeps it growing. Fair competition is why capitalism has been the world’s greatest force for prosperity and growth. By the same token, "competitive economy" means companies must do all they do to do — everything they do to compete for workers: offering higher wages, more flexible hours, better benefits. But what we’ve seen over the past few decades is less competition and more concentration that holds our economy back. We see it in big agriculture, in big tech, in big pharma. The list goes on. Rather than competing for consumers, they are consuming their competitors. Rather than competing for workers, they’re finding ways to gain the upper hand on labor. And too often, the government has actually made it harder for new companies to break in and compete."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Academics from the United StatesCatholics from the United StatesAuthors from the United StatesJoe BidenBiden family
Original Language: English
Available Languages (1)
Sources
Imported from EN Wikiquote
https://en.wikiquote.org/wiki/Joe_Biden
Revision History
No revisions have been submitted for this quote.
Categories
Joe Biden
politician, lawyer, university teacher
1942 · United States
Joseph Robinette "Joe" Biden, Jr. (born November 20, 1942) is an American politician who was the 46th president of the United States from 2021 to 2025. A member of the Democratic Party, he served as the 47th vice president from 2009 to 2017 under President [[Barack
592 quotes on TrueQuotesView all quotes by Joe Biden →
Related Quotes
"Our art, our literature, our theater, our music – that’s what defines our civilization. That’s what lasts after we’re…"
"President Netanyahu and I discussed again yesterday the critical need for Israel to operate by the laws of war. That …"
"But look, when I ran for President, I said I looked at the world the way I looked at it growing up in Scranton, and t…"
"It’s going to offer working families . . . rebates to buy new and efficient appliances, weatherize their homes, get t…"
"This bill [will] allow us to [move] toward meeting all of my climate goals."
"It includes ensuring that we create clean energy opportunities in frontline and fence-line communities that have been…"
"We can do this. We have to do this. We’ll make America safer."
"I used to stutter badly when I was a child. And it’s something — if you know anybody who stuttered, it’s a very debil…"
"[[w:Inflation Reduction Act of 2022#Energy and climate change|The [climate component of the] Inflation Reduction Act]…"
"I’m about to sign the Inflation Reduction Act into law . . . . With this law, the American people won and the special…"