Product Market Concentration Is Decreasing, and It’s Because of the Big Guys

A new study by economists at Princeton University and the Federal Reserve Bank of Richmond finds that while national market concentration is clearly increasing, local concentration is not. In fact, local concentration has been declining rapidly for the last 25 years when measured at the city, county, or ZIP code level.  

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Glen Weyl: “The Very Structure of Capitalism Is Inherently Monopolistic”

In an interview with ProMarket, Glen Weyl, co-author of the wildly ambitious (and wildly controversial) new book Radical Markets: Uprooting Capitalism and Democracy for a Just Society, talks about antitrust, data as labor, and why he thinks the free market system is not actually free. “The entire business community has been speaking with one voice in the common interest of capital as a class,” he says.  

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