The United States has a problem with "corporate consolidation" in many industries, but it’s not the president’s job to “break up” big companies based on their personal beliefs, according to Sen. Corey Booker, D-N.J.
In an interview with ABC News’ “This Week” aired Sunday, the Democratic presidential contender disagreed with White House rival Sen. Elizabeth’s Warren’s proposal to bust up big technology companies like Facebook and Google.
“I don't think that a president should be running around pointing at companies and saying breaking them up without any kind of process here,” he said, adding “It's not me and my own personal opinion about going after folks. That sounds more like a Donald Trump thing to say, ‘I'm going to break up you guys.’”
Booker added the nation doesn’t need a president who is “going to use their own personal beliefs and tell you which companies we should break up,"
"We need a president that's going to enforce antitrust laws in this country, and I will be that person,” he vowed.
"I don't care if it's Facebook, the pharma industry, even the agricultural industry. We've had a problem in America with corporate consolidation that is having really ill effects," he explained.
"It's driving out the independent family farmers. It’s driving up prescription drug costs. And in the realm of technology, we're seeing...one or two companies controlling a significant amount of the online advertising."
"If I’m president of the United States, I will have a Justice Department that uses antitrust legislation to do the proper investigations and to hold industries accountable for corporate consolidation," he said.
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