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2024-03-13 17:59:21
in reply to

Robert Reich on Nostr: If markets were actually competitive, corporations would keep their prices as low as ...

If markets were actually competitive, corporations would keep their prices as low as possible as they competed for customers. Instead, the concentration of the American economy into the hands of a few corporate giants gives them the power to raise prices with impunity — costing the typical American household an estimated extra $5,000 per year.

Antitrust law enforcement used to be a thing of the past. It's a big deal that the Biden administration is reviving it.
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