Skip to navigationSkip to content
AP Photo/Andrew Harnik
Congressional oversight.
TOO BIG TO COMPETE?

The US government’s coronavirus bailout is raising monopoly fears

Tim Fernholz
Member exclusive by Tim Fernholz for How to save the economy

As the US government works to rescue the economy from the coronavirus pandemic, watchdogs are keeping a wary eye on how those actions may change it over the long term.

“This money is going to have an enormous affect on the economy not just this month, but for years and years to come,” says Bharat Ramamurti, a former adviser to senator Elizabeth Warren and one of the five members of the Congressional Oversight Commission who will act as public watchdogs for the money.

Unlike the 2008 financial crisis, when the primary concern was rescuing banks that played a role in creating the problem in the first place, the concern today is making sure large corporations don’t unduly profit from the aid intended to keep people at work, and that they don’t use the rescue funds to drive smaller competitors out of business.

You are reading a Quartz member exclusive.

Become a member to keep reading this story and the rest of our expert analyses on the changing global economy.

Why we think you’ll like it:

The rest of our guide to How to save the economy

News of the moment that’s contextualized, digestible, and always global in perspective

Exclusive, deeply researched guides on what the economy’s next normal will look like

Master this transition in your work and personal life through direct access to our journalists and the rest of our community