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^DOWNLOAD E.B.O.O.K.# The Great Reversal: How America Gave Up
on Free Markets Full Book

^DOWNLOAD E.B.O.O.K.# The Great Reversal: How America Gave Up on Free
Markets Full Book
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E.B.O.O.K.# The
Great Reversal:
How America Gave
Up on Free
Markets Full Book
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 Europeanstyle
regulation make things better, or worse? Thomas Philipponâ€s
eloquent book has the answers. It is an invaluable contribution to one
of todayâ€s most important debates.――Angus Deaton, Nobel Laureate in
Economic Sciences“The Great Reversal is a must-read for anyone who
cares about the single most important issue of our time―the growing
concentration of economic and political power in the hands of too few
corporations and individuals. Philippon shows us that America is no
longer the home of free markets, and Old Europe is a lot more
competitive than we think. Data-driven, readable economic myth-busting
at its best.――Rana Foroohar, Associate Editor and Global Business
Columnist, Financial Times“In this hugely important book, Thomas
Philippon shows that Americaâ€s most urgent economic problem is not too
much capitalism, but rather too little competition. A clarifying guide
to the political reforms we need to make the market work for ordinary
people.――Yascha Mounk, author of The People vs. Democracy: Why Our
Freedom Is in Danger and How to Save It“Superbly exposited and replete
with examples, this marvelous book illustrates the challenges the United
States faces today in reversing its decades-long slide into monopoly and
economic oligarchy. A master class in political economy, it draws on the
authorâ€s own pathbreaking academic research, yet shows great respect
for competing points of view. Philipponâ€s quantitative contrast
between highly monopolized U.S. markets and highly competitive European
markets is particularly striking. The data suggests that Americans
should not be so complacent about their apparent economic superiority.―
―Kenneth Rogoff, Harvard University Read more Thomas Philippon is the
Max L. Heine Professor of Finance at the Stern School of Business, New
York University. He was named