5min chapter

The Joe Walker Podcast cover image

Elephants In The Room - Jonathan Tepper

The Joe Walker Podcast

CHAPTER

The Politics of Monopoly and Inequality

I tend to distrust anyone who has monocosle explanations for answers and social sciences, so I would certainly say that I do mention in the book Global Labor Arbitrage and China joining the WTO. But this book is clearly intended to be a one subject which is the rise monopolies and oligopolies. The second broad category of harm besides inequality is the political issue so companies that are very economically powerful can exert disproportionate influence on the political system. You end up with extensive amounts of lobbying that make sure that you know any new laws are favorable to them. If you look at the beer industry in the US, 90% of the markets control by two two players. And so you really have

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