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January 22, 2021
Department of the Obvious: Wall Street and FinTech Friendly People Should Not Oversee Federal Banking System
Racial Wealth Gap Expert Mehrsa Baradaran is an Alternative to Michael Barr, a Wall Street and Big Tech Ally.
January 22, 2021
Big Tech has a huge stake in who Biden ultimately staffs his antitrust and tech regulators. These individuals will decide how aggressively to carry out Biden’s promises of reining in the political and market power of these companies. If Big Tech gets its way, Biden will staff his antitrust teams with its attorneys and allies, who have pushed back against calls to break up these monopolies and protected them against regulation and enforcement. But if Biden wants to keep his campaign promises to take on monopolies, he must shut the revolving door between the federal government and Big Tech. That starts by rejecting for top jobs the following Big Tech allies.
January 22, 2021
As President Biden continues to staff his administration, the nascent fintech industry will be keeping close watch on the personnel appointed to key regulatory positions. It would be prudent to keep private fintech evangelists away from the positions that are responsible for regulating these firms and cryptocurrencies.
January 21, 2021
If appointed to Biden’s OCC, Barr will confront one major new question for the primary federal regulator of banks: how to handle the emergent “fintech” industry of lending and payments apps. Disturbingly, Barr’s history advising and investing in the fintech industry suggests an approach similar to Trump’s own fintech-friendly stooge, former acting Comptroller Brian Brooks.
January 16, 2021
The vast majority of Americans believe that the monopoly power of tech companies is a major problem for the economy and a corrupting political influence. Biden should heed these concerns and avoiding appointing Big Tech insiders and allies of monopolies to head crucial antitrust regulatory posts at the Department of Justice.
January 05, 2021
Fresh off defending Donald Trump’s historic corruption, conservatives have begun attacking President-elect Biden for his nominees’ ties to Big Tech, Wall Street, and corporate lobbying. While these attacks are transparently hypocritical, they are not without factual substance and could prove to be a major political liability for Democrats unless they commit to adopting much-needed ethics reforms.
December 31, 2020
INTERVIEW: Buttigieg’s DOT Nomination Betrays Biden’s Pledge to Name Competent, Experienced Officials
Biden has nominated Pete Buttigieg to become the nation’s next transportation secretary, despite his having almost no experience in the field. Our Max Moran explains this curious nomination and why it signals a return to a dysfunctional “business as usual” politics.
December 18, 2020
Use this ongoing tracker to monitor the ties to Big Tech from individuals on the agency review teams, individuals who have been officially designated as nominees, and others who we suspect are jockeying for posts right now.
December 15, 2020
Pete Buttigieg is now a top contender for Secretary of Transportation in the Biden Administration, but his tendency to shift policy positions based on the preferences of large donors and industry lobbyists remains a significant concern if he were chosen to head DOT.
December 13, 2020
Concerns over the presence of corporate insiders in the Biden administration are coming opportunistically from so-called “right-wing populists.” This makes it all the more important for Biden and the Democrats to close the revolving door once and for all.
December 09, 2020
“We are glad that advocates and authorities across the country have begun to recognize the democratic imperative of ending concentrated economic power. In the case of Big Tech firms like Facebook, Google, and Amazon, the power they wield over the internet, the economy, our government, and broader society has had an incalculable impact.”
November 24, 2020
Michèle Flournoy and The Ongoing Influence of WestExec Advisors
As we proposed in the Prospect, Biden’s administration can pursue a progressive national security agenda that prioritizes diplomacy over military action, opposes regime change interventions, reduces the Pentagon’s budget, and condemns governments that violate human rights. But to do so, Biden must also end the defense industry’s influence on the executive branch and turn to individuals without deep conflicts.
November 17, 2020
Progressive Groups Urge President-Elect Biden Not to Appoint Former Google CEO to Administration
The Revolving Door Project is joined by the Open Markets Institute, the Communications Workers of America, and 11 other progressive organizations in asking President-elect Joe Biden to take a hard line against the influence of individuals with close ties to Google. The letter focuses in particular on the former longtime CEO of Google, Eric Schmidt. Schmidt is reportedly being considered for a position in President-elect Biden’s administration, an appointment that risks alienating voters who want to see the economic power of Google and other major corporations reined in.
November 16, 2020
Revolving Door Project and Other Progressive Groups Oppose Appointment of Former Google CEO to Biden Administration
September 09, 2020 | American Prospect
Biden Stiff-Arming Big Tech Would Be Good Politics, Policy
If Biden, should he be elected, chooses not to fill his administration with the usual former industry executives, lawyers, and lobbyists, he will likely be making one of the most universally popular choices of any president in recent history.