monopoly
How the “Watergate Babies” Released the Beast of Monopoly Upon America
Why did Washington respond to the 2008 financial crisis by pushing even more wealth and power into the hands of the same people that...
The Surprising Twist in GOP Economic Thinking: Tax Cuts Might Be Bad for Business
Senator Mitt Romney wrote Donald Trump a letter to stop his plan to reduce capital gain taxes. This is an important signal that a...
How Powerful Ideas Can Shape Society: Aaron Director and the Triumph of Nihilism
The rise of giants like Amazon and Facebook proves the long-lasting influence of Director's approach. His intellectual and political legacy is the transition of...
If One Monopoly Is Good for the Firm, Are Two Always Better? Aaron Director and the Tie-in Problem
When IBM patented a punch card processing machine, it had the power to influence both the market of machines and punch cards, but this is...
Global Declining Competition
Studies of the evolution of market power since 2000 have focused mostly on publicly traded US firms. This column introduces a new global study...
How Antimonopoly Was Revitalized, Part 2: Barack Obama and the End of the End of History
In this second installment of his three-part series on antitrust’s recent resurrection, Matt Stoller discusses the legacy of Obama’s presidency. The real policy for...
Restoring Antimonopoly Through Bright-Line Rules
The “consumer welfare” approach to antimonopoly is the main contributor to the extreme and dangerous concentrations of power that Americans face today. In place...
The “Biggest Puzzle in Economics”: Why the “Superstar Economy” Lacks Any Actual Superstars
A new study finds that the contribution of superstar firms to US productivity growth has decreased by more than 40 percent over the past...
Why Local Labor Market Concentration Is Lower Than It Used to Be, Even As National Concentration Increases
A new study compares the trends in national and local industrial concentration between 1976 and 2015, and explains why they diverged.
The idea that firms...
If You Don’t Think Today’s Tech Giants Are Vicious, Just Ask Venture Capitalists
Silicon Valley today resembles the deepest part of the jungle known as the triple canopy, where tall trees block out all the light and...
