
Daron Acemoglu on Inequality, Institutions, and Piketty
EconTalk
00:00
Is There a Way to Limit the Power of Government?
People who tend to be worried about inequality are often want to increase the power of government. And i see that is aa hopeless strategy, he says. Government's power is the main method of the wealthy and the powerful to exploit and extract from the rest of us. But if you're thinking of the the gilded age,. then we have a system there where you know, these trusts are so powerful economically they crush any opposition. They ar able to sort of maintain their monopolies at the expense of creating greater entry, greater variety, lower prices for the consumers. So in that case, what you need to do is you need toDo standard enti trust regulation. To be able
Play episode from 01:02:56
Transcript


