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The Great Reversal: How America Gave Up

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Free download [epub]$$ The Great Reversal: How America Gave Up on Free

Markets [EBOOK]



Free download [epub]$$ The Great Reversal: How America Gave Up on Free Markets [EBOOK]

Free download

[epub]$$ The Great

Reversal: How

America Gave Up on

Free Markets [EBOOK]

Description

“[A] superbly argued and important book. America is no longer the home of the free-market

economy…The great obstacle to action in the U.S. is the pervasive role of money in politics. The

results are the twin evils of oligopoly and oligarchy…Donald Trump is in so many ways a product

of the defective capitalism described in The Great Reversal. What the U.S. needs, instead, is

another Teddy Roosevelt and his energetic trust-busting. Is that still imaginable? All believers in

the virtues of competitive capitalism must hope so.――Martin Wolf, Financial Times

“A fascinating case study of rising corporate concentration and why this reflects not just

impersonal economic forces but political choices… [Philippon] concludes competition has indeed

declined to the detriment of consumers. His novel contribution, though, is to contrast this with the

experience of Europe… Where the U.S. was once the worldâ€s teacher, it may be time to be

the pupil.――Greg Ip, Wall Street Journal“Fascinating…In one industry after another,

[Philippon] writes, a few companies have grown so large that they have the power to keep prices

high and wages low. Itâ€s great for those corporations―and bad for almost everyone

else…Too often, both parties are still confusing the interests of big business with the national

interest. And American families are paying the price.――David Leonhardt, New York Times

“Philippon sees todayâ€s Europe, ironically the home of government-driven market

intervention, as the place that has figured out how to set markets free by spurring competitiveness

and thus keeping services up and prices down…The Great Reversal argues that the United

States has much to gain by reforming how domestic markets work but also much to regain―a

vitality that has been lost since the Reagan years. We donâ€t know if Philippon is a fan of

Donald Trump, but his analysis points to one way of making America great again: restoring our

free-market competitiveness.――Arthur Herman, Wall Street Journal“A compelling read for

those interested in the dynamics of the overall innovation economy or the political debate over

antitrust and Big Tech…A timely analysis of the weakening of Americaâ€s regulatory regime for

protecting free market competition.――Eric Peckham, TechCrunch“Everyone in tech or

interested in tech ought to read this book―it provides a rigorous, but easy-to-grasp look at the

economics of consolidation and what it does to markets, prices, and products.――Nilay Patel,

The Verge“Should we love American capitalism, or hate it? Are large corporations making our

lives better through endless innovation and price reductions, or are they exploiting their workers

and their customers to enrich the few? Would European-style regulation make things better,

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