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In this much-anticipated book, a leading financial economist argues that many key problems of the American economy are due not to the flaws of capitalism or the inevitabilities of globalization but to the concentration of corporate power. By lobbying against competition, the biggest firms drive profits higher while depressing wages and limiting opportunities for investment, innovation, and growth.Why are cellphone plans so much more expensive in the United States than in Europe? It seems a simple question. But the search for an answer took Thomas Philippon on an unexpected journey through some of the most complex and hotly debated issues in modern economics. Ultimately he reached his surprising conclusion: American markets, once a model for the world, are giving up on healthy competition. Sector after economic sector is more concentrated than it was twenty years ago, dominated by fewer and bigger players who lobby politicians aggressively to protect and expand their profit margins. Across the country, this drives up prices while driving down investment, productivity, growth, and wages, resulting in more inequality. Meanwhile, Europe--long dismissed for competitive sclerosis and weak antitrust--is beating America at its own game.Philippon, one of the world's leading financial economists, did not expect these conclusions in the age of Silicon Valley start-ups and millennial millionaires. But the data from his cutting-edge research proved undeniable. In this compelling tale of economic detective work, we follow him as he works out the basic facts and consequences of industry concentration in the US and Europe, shows how lobbying and campaign contributions have defanged antitrust regulators, and considers what all this means for free trade, technology, and innovation. For the sake of ordinary Americans, he concludes, government needs to return to what it once did best: keeping the playing fields level for competition. It's time to make American markets great--and free--again.

Free enterprise --- Markets --- Competition --- Lobbying --- Political aspects --- BPB9999 --- 338.50 --- Vormen van monopolistische orde (algemeenheden). Economisch malthusianisme --- Political sociology --- Microeconomics --- Economic order --- United States --- 338 (73) --- 658.11 --- 658.11 Kinds and forms of enterprise --- Kinds and forms of enterprise --- 338 (73) Economische situatie. Economische structuur van bepaalde landen en gebieden. Economische geografie. Economische produktie.economische produkten. Economische diensten--Verenigde Staten van Amerika. VSA. USA --- Economische situatie. Economische structuur van bepaalde landen en gebieden. Economische geografie. Economische produktie.economische produkten. Economische diensten--Verenigde Staten van Amerika. VSA. USA --- Commerce international --- Politique commerciale --- Protectionnisme --- Accord de libre-échange --- États-Unis --- BPB2002 --- Internationale handel --- Handelsbeleid --- Protectionisme --- Vrijhandelsovereenkomst --- Verenigde Staten --- kauppapolitiikka --- kaubanduspoliitika --- politici comerciale --- politica commerciale --- εμπορική πολιτική --- obchodní politika --- handelsbeleid --- trade policy --- търговска политика --- obchodná politika --- handelspolitik --- tirdzniecības politika --- politikë për tregtinë --- prekybos politika --- kereskedelempolitika --- política comercial --- трговинска политика --- trgovinska politika --- politika kummerċjali --- трговска политика --- polityka handlowa --- Handelspolitik --- handelsordning --- külkereskedelmi előírások --- надворешнотрговска политика --- Istituto nazionale per il commercio con l'estero --- Außenhandelsvorschrift --- trade system --- regeling van het handelsverkeer --- prekybos sistema --- handelssamkvemsordning --- regime de trocas --- sistem i tregtisë --- samhandelspolitik --- samhandelsordning --- kauppajärjestelmä --- regolamentazione del commercio estero --- trgovinski sustav --- obchodní systém --- handelspolitiek --- handelssystem --- εξωτερική εμπορική πολιτική --- régimen de intercambios --- obchodný systém --- tirdzniecības sistēma --- καθεστώς των συναλλαγών --- regime degli scambi --- sistem comercial --- πολιτική του εξωτερικού εμπορίου --- kaubandussüsteem --- régime des échanges --- ICE --- international handel --- handel międzynarodowy --- tarptautinė prekyba --- starptautiskā tirdzniecība --- internationale handel --- comércio internacional --- меѓународна трговија --- međunarodna trgovina --- међународна трговина --- mednarodna trgovina --- internationaler Handel --- comerț internațional --- международна търговия --- mezinárodní obchod --- nemzetközi kereskedelem --- international trade --- kansainvälinen kauppa --- rahvusvaheline kaubandus --- commercio internazionale --- kummerċ internazzjonali --- tregti ndërkombëtare --- internationell handel --- διεθνές εμπόριο --- comercio internacional --- medzinárodný obchod --- sistema commerciale internazionale --- Camera di commercio internazionale --- διεθνείς εμπορικές συναλλαγές --- comércio mundial --- Welthandel --- comerț mondial --- tregti botërore --- maailmankauppa --- world trade --- comercio mundial --- παγκόσμιες εμπορικές συναλλαγές --- commerce mondial --- världshandel --- světový obchod --- commercio mondiale --- scambio internazionale --- verdenshandel --- maailmakaubandus --- svetový obchod --- pasaules tirdzniecība --- παγκόσμιο εμπόριο --- világkereskedelem --- wereldhandel --- pasaulinė prekyba --- svjetska trgovina --- die Vereinigte Staaten --- Stáit Aontaithe Mheiriceá --- Združene države --- Ηνωμένες Πολιτείες --- l-Istati Uniti --- Ameerika Ühendriigid --- Stati Uniti --- Shtetet e Bashkuara --- Estados Unidos --- Stany Zjednoczone --- Spojené státy --- Egyesült Államok --- Statele Unite --- Amerikas Savienotās Valstis --- Förenta staterna --- Сједињене Америчке Државе --- Jungtinės Valstijos --- Yhdysvallat --- Съединени щати --- Sjedinjene Američke Države --- Spojené štáty --- Соединети Американски Држави --- Amerikas Forenede Stater --- САД --- VS --- USA --- EE.UU. --- JAV --- Amerikas förenta stater --- l-Istati Uniti tal-Amerika --- los Estados Unidos de América --- ΗΠΑ --- Shtetet e Bashkuara të Amerikës --- SAD --- Verenigde Staten van Amerika --- Соединетите Држави --- Amerikai Egyesült Államok --- Stati Uniti d'America --- Statele Unite ale Americii --- Ηνωμένες Πολιτείες της Αμερικής --- SHBA --- United States of America --- Ühendriigid --- Ηνωμένες Πολιτείες Αμερικής --- EUA --- ASV --- États-Unis d'Amérique --- Združene države Amerike --- Stany Zjednoczone Ameryki --- САЩ --- Съединени американски щати --- SUA --- Yhdysvallat, USA --- Spojené státy americké --- U.S.A. --- Jungtinės Amerikos Valstijos --- Sjedinjene Države --- Estados Unidos da América --- De Forenede Stater --- Spojené státy severoamerické --- Amerikan yhdysvallat --- Spojené štáty americké --- die Vereinigte Staaten von Amerika --- US --- dohoda o volném obchodu --- szabadkereskedelmi megállapodás --- sporazum o prosti trgovini --- Freihandelsabkommen --- vabakaubandusleping --- free-trade agreement --- спогодба за слободна трговија --- споразум о слободној трговини --- sporazum o slobodnoj trgovini --- vapaakauppasopimus --- brīvās tirdzniecības līgums --- acuerdo de libre comercio --- dohoda o voľnom obchode --- marrëveshje e tregtisë së lirë --- frihandelsaftale --- umowa o wolnym handlu --- laisvosios prekybos susitarimas --- acordo de comércio livre --- acord de comerț liber --- Договор за свободна търговия --- accordo di libero scambio --- frihandelsavtal --- vrijhandelsovereenkomst --- συμφωνία ελεύθερων συναλλαγών --- ftehim ta’ kummerċ ħieles --- договор за слободна трговија --- laisvosios prekybos sutartis --- acuerdo de libre cambio --- protectionism --- proteksionizëm --- protektionisme --- protekcjonizm --- proteccionismo --- протекционизам --- protektionismi --- protekcionizmas --- protektsionism --- προστατευτισμός --- протекционизъм --- Protektionismus --- protekcionismus --- protecționism --- protekcionizam --- protektionism --- protezzjoniżmu --- protekcionisms --- protezionismo --- protekcionizem --- protecionismo --- caomhnaitheacht --- protectionisme --- protekcionizmus --- δασμολογική προστασία --- misure protezionistiche --- cosantas --- mjere protekcionizma --- ekonomický protekcionismus --- ochranná opatření --- hospodářský protekcionismus --- протекционистички систем --- bescherming van de tarieven --- протекционистички мерки --- ochranářství --- pressione protezionistica --- tržní omezení --- trádáil idirnáisiúnta --- beartas trádála --- Na Stáit Aontaithe --- comhaontú saorthrádála --- Free enterprise - United States --- Free enterprise - Europe --- Free enterprise - Political aspects - United States --- Markets - United States --- Markets - Europe --- Competition - United States --- Competition - Europe --- Lobbying - United States --- États-Unis --- Accord de libre-échange