In this month’s Open Markets Newsletter we look at how failure of competition policy is undermining capitalism
• In a new book, Jonathan Tepper lays out how US corporate concentration is increasing in many market segments leading to behaviours that threaten to undermine people’s faith in capitalism
• Anti-trust enforcement is at its lowest ebb. Only around 10% of mergers do not go through and that is due to managements changing their mind rather than anti-trust action
• A new report on the digital market from the New Economics Foundation suggests that unbundling may be a more appropriate intervention than the traditional remedies of nationalization or break-up
• Stacy Mitchell debunks the myths put forward in “Big is Beautiful”, a new book. She argues for “a diverse economy that keeps concentrated power in check and ensures that citizens and communities have the ability to chart their own course.”
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