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The Coming Revolution in the American Economy


In the Biden era, the Reaganite consensus is finally breaking down.
Illustration by Tim Lahan
In a 1981 speech to the boards of the World Bank and International Monetary Fund, President Ronald Reagan expressed one of the central ideas of the coming era. “The societies which have achieved the most spectacular, broad-based economic progress … believe in the magic of the marketplace.” I have long thought that this and many other Reagan speeches were extraordinary examples of what Michael Sandel has called public philosophy an attempt “to bring moral and political philosophy to bear on contemporary public discourse.”
Antitrust: Taking on Monopoly Power From the Gilded Age to the Digital Age ....

New York , United States , Hong Kong , World Bank , District Of Columbia , New Yorker , Clyde Prest , Marco Rubio , Elizabeth Warren , Gordon Hanson , Clyde Prestowitz , Hester Prynne , David Dorn , Ronald Reagan , Amy Klobuchar , David Autor , Mariana Mazzucato , Mitt Romney , Bill Clinton , Tim Wu , Josh Hawley , Michael Sandel , Jamesj Hill , Robert Bork , Alexander Hamilton , Barry Lynn Liberty ,

Debating Antitrust Policy and Efficient Markets


Debating Antitrust Policy and Efficient Markets
An exchange stimulated by Zach Carter’s review of Barry Lynn’s ‘Liberty From All Masters’
In our November/December issue, Zach Carter reviewed Barry Lynn’s new book,
Liberty From All Masters. In this exchange, Lynn takes exception to some of Carter’s critique, and Carter responds. This discussion sheds light on some fundamental questions about how to assess and remedy the problem of economic concentration, and whether free markets once purged of monopoly power are in fact efficient.
Response to Carter’s Review of
Liberty From All Masters
It’s an honor to have Zach Carter review my latest book, ....

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How Biden Can Break the Stranglehold of Amazon and Other Monopolies


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From the time Joe Biden was a toddler until his mid-30s, wages in the country grew, and the wealth created by growth in the economy was shared by everyone. But by the time Biden hit 40, everything had begun to change. The incomes of those at the top grew strongly, while the wages of middle-class and poor people hit a wall. Labor’s power decreased, and monopoly power increased. It became harder to organize workers, harder to start new businesses, and easier for capital to organize. It was the early 1980s, and Ronald Reagan was president.1 ....

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