But this is a perfect example of the way this issue is not partisan, right. Because you take Luigi Zingales, who is a libertarian conservative economist on the University of Chicago Business School faculty. He writes this fantastic book coauthored this book, Saving Capitalism from the Capitalists. And his whole point is that we need a theory of antitrust that recognizes that the problem is not just whether a company is too big, its also whether the company would therefore be too politically powerful. Because what capitalists do is they win in a competitive market, and then they turn to government so that they can get the rules changed so that government protects them from the next generation of capitalists. And a principled person on the right is as animated by the things that Zephyr is talking about, about the way in which the current system is favoring the incumbents and blocking competition, as people on the left.
Posted on: Sat, 22 Nov 2014 05:44:36 +0000
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