Many of Stigler’s views on monopoly and antitrust were consistent through the decades. Even after his concerns of monopoly began to recede, he continued to believe that monopolies and oligopolies were still prevalent in the American economy and that they “should be a source of serious concern for public policy.”... ProMarket — The blog of the Stigler Center at the University of Chicago Booth School of BusinessStigler on Monopolies: “Competition is a Tough Weed, Not a Delicate Flower”Douglas...
Read More »Don’t be evil… oh well, perhaps a little bit
Don't be evil was, of course, Google's motto. The New York Times had a piece recently on the firing of Barry Lynn from the New America Foundation, a Democratic think tank that, if memory doesn't fail me, was at least initially connected to the Clintons. The whole thing resulted from the fact that Lynn was favorable to the European Union regulation of Google, a major donor to the think tank.Given that I've been writing about the influence of corporate money in academia, I thought it was a...
Read More »Matt Stoller — How to Educate Yourself on Monopoly Power
Bibliography.Medium — Matt StollerHow to Educate Yourself on Monopoly Power Matt Stoller ht Lambert Strether at Naked Capitalism
Read More »Internet and public investment in infrastructure
I've seen this graph in an interesting book by Jonathan Taplin (Move Fast and Break Things; highly recommend, btw) on how the big internet firms Google and Facebook essentially (but also Amazon) have become the new monopolies of our gilded age. He discusses mostly the effects on the entertainment business, but the implications are far-reaching of course. Below the share of fiber optics connections as a share of total broadband connections in OECD countries (Taplin uses this graph in the...
Read More »Maybe Working-Class Trump Voters Aren’t Racist, But They Are Comcast
[unable to retrieve full-text content]Maybe Working-Class Trump Voters Aren’t Racist, But They Are Comcast: I swear the analogy makes sense when you read it…
Read More »On The Increasingly Unfortunate Economics Of Peanut Allergies…
[unable to retrieve full-text content]On The Increasingly Unfortunate Economics Of Peanut Allergies…: Things get awkward when companies decide to maximize profit, if for no other reason than it highlights where policy makers have procrastinated on regulation in hopes that self-interested oganizations would just behave.
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