Monopoly and its equally evil twin monopsony are destroying competition, depressing wages, and slowing economic growth. Is market concentration an inevitable outcome of capitalism, or is there a smarter solution?

Jared Bernstein: Senior Fellow at the Center on Budget and Policy Priorities, former Chief Economist and Economic Adviser to VP Biden and Executive Director of the White House Task Force on the Middle Class, and author of ‘The Reconnection Agenda: Reuniting Growth and Prosperity’. 

Twitter: @econjared 

Jonathan Tepper: Founder of Variant Perception, a macroeconomic research group that caters to asset managers. Author of ‘The Myth of Capitalism: Monopolies and the Death of Competition’, ‘Endgame: The End of the Debt Supercycle’, and ‘Code Red’, a book on unconventional monetary policy. 

Twitter: @jtepper2 

Further reading: https://democracyjournal.org/magazine/51/progressive-labor-standards/ 

This post was originally published on Pitchfork Economics with Nick Hanauer.

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