President Biden has modeled his spending agenda on the Great Society and New Deal. Now he wants to take antitrust policy back to the early 20th century. Or at least that’s how it looks from his executive order on Friday to regulate competition and impose more government control over the private economy.
“In the early 1900s, Teddy Roosevelt’s Administration broke up the trusts controlling the economy—Standard Oil, J.P. Morgan ’s railroads, and others—giving the little guy a fighting chance,” his summary states. Mr. Biden now wants to use regulation to break up Big Tech, finance, …
