Thomas Philippon, a finance professor at NYU Stern and author of "The Great Reversal," dives into America's shift from competitive markets to consolidation. He discusses how consumer prices, particularly in healthcare and tech, have risen unnoticed due to market concentration. The conversation highlights the contrasting market dynamics between the U.S. and Europe, the challenges posed by tech giants, and the need for updated antitrust frameworks. With insights into Amazon's unique market role, Philippon emphasizes the importance of strengthening competition for consumer welfare.
