The government can decline to enforce antitrust legislation, allowing mergers to occur until a few players dominate an industry. In their disturbing tour through the economy, Tepper and Hearn show that consumers and workers must contend with oligopoly, duopoly, and monopoly structures in many industries. Drug companies, for example, live off patents, and adjust chemical formulae to extend those protections indefinitely. Online advertising is owned by Google (GOOGL) and (FB) while Google has quashed or hampered businesses in “narrow search” such as Foundem and Yelp without punishment. Read More...
How corporate monopolies fuel wage stagnation, inequality, and populism
The government can decline to enforce antitrust legislation, allowing mergers to occur until a few players dominate an industry. In their disturbing tour through the economy, Tepper and Hearn show that consumers and workers must contend with oligopoly, duopoly, and monopoly structures in many industries. Drug companies, for example, live off patents, and adjust chemical formulae to extend those protections indefinitely. Online advertising is owned by Google (GOOGL) and (FB) while Google has quashed or hampered businesses in “narrow search” such as Foundem and Yelp without punishment.
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