Dominant firms are using raw economic and political muscle to squeeze the life out of our economies in pretty much any sector you can think of: agriculture, digital technology, finance, healthcare, manufacturing, pharmaceuticals, music, accounting, eyewear, academic publishing, social care, military procurement and nuclear weapons (yes, really,) cheerleading, dentistry, retail, and so on.
Instead of investing to produce better value goods and services, monopolists are locking down markets to extract wealth, crushing healthy economic ecosystems while also escaping taxes, environmental rules, and other civic obligations. They use this extracted wealth to distort politics, laws, and public opinion to amass more power to control markets, in a vicious circle.
What we do
The Balanced Economy Project is a new international anti-monopoly organisation, focused on countries outside the United States. Our goal is to re-balance our economies in the wider public interest, and stem and roll back a rising tide of oligarchy now threatening our democracies.
We seek to curb excessive concentrations of economic power, and the abuses that flow from this power. We support healthy competition when it promotes the broad public interest and delivers benefits to consumers, workers, taxpayers and citizens. But healthy competition also needs strong public-interest guardrails, to stop firms gaining competitive advantage via harmful practices, such as being more willing to pollute, or to take profitable risks at taxpayers’ expense.
Many levers are needed to push back against excessive monopoly power. We are especially keen to promote the forgotten tools of competition policy, potentially the most powerful toolbox a government has. We have two core goals, in this respect.
First, we believe that this toolbox has been captured by a bad, pro-monopoly paradigm, and we want to change the narrative, to a paradigm that reflects the broad public interest.
Second, competition policy happens inside an elite, technocratic, fortress-like bubble: we seek to democratise this and bring in groups hurt by monopoly power, such as trade unions, development NGOs, farmers or small businesses.
We also support the use of non-competition tools, such as effective public-interest financial regulation, good tax policy, strong public services, worker-friendly labour laws, and more generally a well-governed and confident democratic state.
We are not affiliated to any political party, and we accept no corporate funding.
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This website was inaugurated in March 2022. It is currently being upgraded.