"Great Reversal: How the United States gives up the free market"
August 12, 2019 09:13 Source: "China Social Sciences", August 12, 2019, No. 1754, Issue 1754,: Thomas Philippen/

In October 2019, Harvard University Press will publish the new book "THOMAS Philippon), a professor of finance at New York University," How the United States has given up the Free Market " Game up on Free Markets)。

Philippen inspected the basic facts and consequences of the concentration of the United States and Bet365 app download Europe in the book,revealing how political lobbying and campaign donation weakens the power of the antitrust mechanism,Discuss this pair of free trade、What does technological progress and innovation mean。

Through investigation research,Felipon discovery,Compared to 20 years ago,The concentration of multiple economic departments in the United States has increased and the number is getting less and less、The "giant" is dominated by the larger scale。These companies spare no effort Bet365 lotto review to lobby politicians,To protect and increase your net profit。This has led to a rise in prices nationwide、Decrease investment,GDP、Labor productivity and wage growth rate decreases,Unemployment will intensify with it。At the same time,It has always been regarded by the United States as competitive growth and stagnation、The strength of European countries with weak antitrust mechanisms is catching up with the United States。

Filling in Silicon Valley startups、The era of "new Bet365 app download rich" comes out,The above discovery is surprising,But the research data cannot be denied。Felipon proposed,Starting from the interests of ordinary American people,The US government must return to this position,Maintain the equality of the competitive market。

(Wang Youran/Compilation)

Editor in charge: Cui Cen
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