In this much-anticipated book, a leading economist argues that many key problems of the American economy are due not to the flaws of capitalism or the inevitabilities of globalization but to the concentration of corporate power. By lobbying against competition, the biggest firms drive profits higher while depressing wages and limiting opportunities for investment, innovation, and growth. Why are cell-phone plans so much more expensive in the United States than in Europe? It seems a simple question. But the search for an answer took Thomas Philippon on an unexpected journey through some of the most complex and hotly debated issues in modern economics. Ultimately he reached his surprising conclusion: American markets, once a model for the world, are giving up on healthy competition. Sector after economic sector is more concentrated than it was twenty years ago, dominated by fewer and bigger players who lobby politicians aggressively to protect and expand their profit margins. Across the country, this drives up prices while driving down investment, productivity, growth, and wages, resulting in more inequality. Meanwhile, Europe―long dismissed for competitive sclerosis and weak antitrust―is beating America at its own game. Philippon, one of the world’s leading economists, did not expect these conclusions in the age of Silicon Valley start-ups and millennial millionaires. But the data from his cutting-edge research proved undeniable. In this compelling tale of economic detective work, we follow him as he works out the basic facts and consequences of industry concentration in the U.S. and Europe, shows how lobbying and campaign contributions have defanged antitrust regulators, and considers what all this means for free trade, technology, and innovation. For the sake of ordinary Americans, he concludes, government needs to return to what it once did best: keeping the playing field level for competition. It’s time to make American markets great―and free―again.

Rip Van Winkel wakes up in #room101 and interogates chatgpt. #Covidstroika #BraveNewWorld #1984 #SHIFT!)(¤ #SAMIZDAT

I would advise you to look closer at what you are witnessing ….– ‘’ I would only say that the EU has led the charge and as such Remain or Leave are two sides of the same coin ‘’‘’Figuring out why has become a core part of Philippon’s academic research, and he offers his answer in a fascinating new book, “The Great Reversal: How America Gave Up on Free Markets.” In one industry after another, he writes, a few companies have grown so large that they have the power to keep prices high and wages low. It’s great for those corporations — and bad for almost everyone else. The European economy certainly has its problems, but antitrust policy isn’t one of them. The European Union has kept competition alive by blocking mergers and insisting that established companies make room for new entrants. In telecommunications, smaller companies often have the right to use infrastructure built by the giants.’’https://www.nytimes.com/2019/11/10/opinion/big-business-consumer-prices.html– WEB 3 and P2P computing offers an unrivalled and further opportunity to raise awareness of the choices in the world. For my own part, I deal with what is connected to me and nearest and dearest and work outwards from my own centre which I try to keep grounded and truthful. On specifics, the Pen is mightier than the sword and HTML and JAVA Script with some love will conquer all.Our freedom will be systematically removed.“During my session I was asked about the biggest threat to the future of global liberal democracy. My answer was Narendra Modi”
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Democracy doesn’t matter to the defenders of ‘economic freedom’

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Quinn Slobodian

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full spectrum surveillance apparatus through digital passports, #Thiel, #Schmidt #Assange , When Google Met Wikileaks #Bilderberg #Palantir

UK Housing Debt. Market Update q4 2022. “higher-for-longer = Housing Weak.” All eyes on Thursday March 23 2023. Over the Brink to Baileys Bust!