Monopoly Stifles Gains

Monopoly Stifles Gains examines the impact of market concentration on economic inequality, arguing that lax antitrust enforcement has allowed monopolies and oligopolies to flourish, hindering wealth distribution. The book connects Economics and Politics to analyze how failures in antitrust policy affect everyday citizens. It highlights how competitive markets foster innovation and equitable wealth distribution, while concentrated markets depress wages and exacerbate income inequality.

The book progresses through three parts, beginning with core concepts of market concentration and the history of antitrust laws. It then presents case studies of industries like technology and healthcare, demonstrating how dominant firms suppress competition and raise prices. Finally, it advocates for stronger antitrust enforcement and policy reforms to promote a more equitable distribution of wealth.

The book uniquely correlates industry concentration levels with indicators of income inequality, offering insights for policymakers, entrepreneurs, and consumers alike. The approach taken emphasizes the distributional consequences of unchecked market power, connecting the effects of monopolies to broader societal impacts. It dives into the argument about the role of antitrust laws in shaping economic outcomes, while addressing claims that monopolies are simply the result of superior efficiency or innovation. The book proposes specific policy recommendations, including stricter merger reviews and increased funding for antitrust agencies.

© 2025 Publifye (Ebook): 9788235203885

Translators: AI

Release date

Ebook: 26 February 2025