Antitrust Policy Has Missed the Forest for the Trees

Caius Z. Willingham and Andy Green argue that U.S. antitrust and competition law must acknowledge the issue of monopoly and monopsony power in order to build an economy that works for all Americans.

The stock market and corporate profits are soaring as wages continue to stagnate and everyday Americans struggle to make ends meet—let alone plan for retirement. Consumers, workers, farmers, and small-business owners face a litany of sharp practices in the marketplace.

There is a common force lurking behind these indicators, impacting the prosperity of average Americans in a complex web of economic forces. The effects of declining competition are everywhere—if you know where to look.

The above excerpt was originally published in MarketWatch. Click here to view the full article.

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