244. Land of the Free but Not the Free Markets feat. Thomas Philippon

unSILOed with Greg LaBlanc · Feb 8, 2023 · 59m

Competition drives down prices, makes it hard to collude on prices, and keeps any one company from taking excessive profits, but the fewer players there are in the game of free markets, the more power and control each one has, and consumers are ultimately the ones who lose. Thomas Philippon is an economist, a professor at New York University in the Stern School of Business, and the author of the book The Great Reversal: How America Gave Up on Free Markets. In his book, Thomas investigates the paradox of America having trended away from the free market dominance they were once known for, and…