Mega businesses are using the coronavirus crisis to take public money and then demolish vulnerable small and medium sized businesses. New legislation that we should all support halts all mega-mergers during the crisis. Today I unpack why we should all care.
While quarantine remains in effect in most of the country, small businesses continue to suffer. Owners are forced to lay off their workers as they mull over whether they will even be able to reopen once it is safe. The stimulus bills passed by Congress have done little to help, with millions of dollars going to huge corporations rather than the millions of small businesses left unsure of their financial futures.
How are big businesses using this pandemic to grow their monopolies? What effect will it have on everyday people? What is being done to stop them?
Shaun explores all of these questions, as well as a new bill proposed by House Representative Alexandria Ocasio-Cortez that would drastically limit the unprecedented amount of power these large corporations have.