The activist who breathed new life into the antitrust movement wants support from the other side. But it could cost him.
By then, Stoller had picked up one lesson in governing: Policy gets made by people who know each others’ names. And so he pulled together a group of congressional staffers and other Democrats still rattled by the 2008 economic crisis, for pizza and beers on Wednesdays in a Capitol Hill conference room of the advocacy group Public Citizen, to discuss how, as they saw it, Washington had come to so completely allow big business’ demands to drown out the needs of average Americans.
As the years passed, Washington continued to sour on Silicon Valley. And in the winter of 2020, Stoller and fellow Open Markets veterans spun out their own group, the American Economic Liberties Project. The group’s name is a riff on the American Civil Liberties Union, a nod to the belief that economic freedoms are as central to American life as free speech, and at least as vital to democracy.
To gin up interest in the book, Stoller, an early adopter of blogging, jumped on the Substack bandwagon taking off in American journalism at the time. His newsletter, called “Big,” has become a key gear in the Brandeisian machine. It is densely written, often intensely wonky — expect charts and discussion of the— and has amassed around 85,000 subscribers. “Matt is a brilliant thinker and writer,” says Sen. Warren by email.
Stoller, Wu says, serves to draw attention to obscure issues that even White House staffers can use help understanding. One story, on the role that pharmaceutical benefits managers have in driving up drug prices, was told through a “Game of Thrones”-inspired post called “The Red Wedding for Rural Pharmacies.
Kovacic, over coffee near the campus of the George Washington University where he directs the school’s Competition Law Center, says of Stoller’s role in the New Brandeis movement, “as a source of the intellectual arguments that they have been making, he’s second to none.” But, Kovacic adds, Stoller to him evokes Marty McSorley.
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