Wednesday, February 15, 2023

Blog Mirror: Office Hours: Fake brand competition, monopoly power, and inflation

An interesting article by Robert Reich on monopolies:

Office Hours: Fake brand competition, monopoly power, and inflation

Of course Reich, like most conventional economist, even though on the left, points this out, but then starts whistling pasts the graveyard on it.  The solution to this sort of thing, and it is an obvious problem, is a much more distributist economy.  Not simply slightly adjusting the dials on the Sherman Anti Trust Act or corporate tax rates, although both of those need to be addressed.

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