Hal Singer
@halsinger
MD @ EconOne | Prof @EconUofU | ED @ UtahProject | NYTimes: "one expert for the plaintiffs" | Prospect:"preeminent watchdog of The Economist's most wrong takes"
3K Following 17.3K Followers
So the Editor at Large of The Wall Street Journal admits that what ails capitalism is that "much of the U.S. economy has become far more concentrated in the 21st century, with declining competition in most sectors resulting in a smaller number of firms with higher markups, profits and costs to the consumer."
And the cure is to "bend policy toward promoting competition and scrutinizing anticompetitive activity and, where necessary, restraining corporate power through merger review, market access and targeted antitrust enforcement."
Does that mean the anti-monopolists prevailed?
Show more
The logical mistake here by Chris and most neoliberals is that the worker will get to share in the upside. But that’s not generally the case. Indeed, the labor share has been falling over time, as wage growth has become divorced from productivity growth.
Show more
