We are taking on an exciting new branch of work here at ESP with the launch of our Anti-Monopoly Fund.
We chose to take up this effort as a response to the current political and cultural moment we’re in, where momentum for accountability in Big Tech is growing and there’s an opportunity to make real progress against unchecked corporate concentration that currently exists across nearly all industries in this country; including health care, pharmaceuticals, agriculture and finance.
Monopolies give companies undue influence over our political and economic systems. With $10M in funding from a group of initial partners, AMF will direct resources to organize and expand the efforts of groups already dedicated to creating fair markets and enacting smart anti-monopoly enforcement and policy.
AMF will build a robust ecosystem and catalyze legal and economic research, power-building campaigns and powerful storytelling for the public. Early partners in AMF include the Ford Foundation, Open Society Foundations, Omidyar Network, Hewlett Foundation, Nathan Cummings Foundation, Knight Foundation, Way to Win and Justice Catalyst; and we welcome other foundations and individuals to join us.
Read more about AMF in today’s Washington Post and see more about why we are taking on this fight here:
We’ll still be dedicated to our guaranteed income work and passing federal and state versions of our Cost-of-Living Refund. We believe that through this powerful combination of strategic fights, we can challenge the status quo and build economic power for all Americans.