How Finance Ate The Economy - w/ Grace Blakeley
Current Affairs
00:00
Do We Really Regulate Markets in the Public Interest?
In the us. Was like the sherman act, ind a bunch of different legislation that was introduced too,. basely, trust buss to get rid of these huge, now, corporations that had come to dominate the american economy before the second world war. That ready changed in the 19 seventies and eighties with the near liberal turn when economist just decideda, we're not going to bother regulate markets in the public interest or we're goin to look out is price. Their argument being, obviously, that monopolies tend to increase prices because they have market power. But if there is ar a company that has a huge market share, but it hasn't, for one reason
Transcript
Play full episode
