Managing Director @ Econ One | Adjunct Prof @MSBGU | Antitrust Enforcement Award (Econ) by @AntitrustInst 2018 | Warning: Account might trigger libertarians
Also go read the entire essay by @delong for a good history of inflation
this is a great labor day piece, particularly the synopsis of thomas frank's "listen, liberal." one could draw a straight neoliberal line from (kennedy adviser) dutton to summers/furman, marking the abandonment of blue-collar union workers by the democrats
Wonderful piece by @BCAppelbaum, but let me offer a more direct answer: Many (not all) of the regulators from prior admins went to work for the law firms peddling these anticompetitive deals. The revolving-door hypothesis is more compelling than regulators-are-naive alternative.
Matt correctly blames the consumer welfare standard (CWS) in this excellent piece on the Obama antitrust enforcers’ failures to rein in Ticketmaster. Let me suggest one more: CWS had a hard time accommodating harms to input providers (artists and music venues). Give it a read!
Bill Clinton stripped antitrust out of the Democratic platform, the first time monopoly was not referenced in the platform since 1880, per @matthewstoller. Biden’s SOTU was a repudiation of those neoliberal (pro-monopoly) values. Kudos to @sarahmillerdc for such a great piece.
Please take 21 minutes of your day to listen to this fantastic @OTMBrooke interview of @NaomiOreskes about The Big Myth, which explores the propaganda machine behind neoliberalism, and the corporate funding of scholarship at the University of Chicago.