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Biden’s National Security Advisor Jake Sullivan: Monopolies Are a National Security Problem — Matt Stoller

Summary:
Competition. Previously, the prevailing notion was that American monopolies were necessary to confront foreign monopolies as a matter of scale. That thinking may be shifting to competition among domestic firms as the driver of domestic innovation. This is assumed to be the liberal answer to authoritarianism.BIG at SubstackBiden’s National Security Advisor Jake Sullivan: Monopolies Are a National Security ProblemMatt Stoller h/t Naked Capitalism

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Competition. Previously, the prevailing notion was that American monopolies were necessary to confront foreign monopolies as a matter of scale. That thinking may be shifting to competition among domestic firms as the driver of domestic innovation. This is assumed to be the liberal answer to authoritarianism.

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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