Wednesday, 14 September 2016

America's Monopoly Problem

America's Monopoly Problem

How big business jammed the wheels of innovation. "Imagine a day in the life of a typical American and ask: How long does it take for her to interact with a market that isn’t nearly monopolised? She wakes up to browse the internet, access to which is sold through a local monopoly. She stocks up on food at a superstore such as Walmart, which owns a quarter of the grocery market. If she gets indigestion, she might go to a pharmacy, likely owned by one of three companies controlling 99% of that market."

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