Market Watch
Zoe Willingham and Andy Green
Oct. 9, 2018
The stock market and corporate profits are soaring as wages continue to stagnate and everyday Americans struggle to make ends meet — let alone plan for retirement. Consumers, workers, farmers, and small-business owners face a litany of sharp practices in the marketplace.
There is a common force lurking behind these indicators, impacting the prosperity of average Americans in a complex web of economic forces. The effects of declining competition are everywhere — if you know where to look.
It is high time, then, for the Federal Trade Commission to catch up. Last month, the FTC commenced a series of hearings on “Competition and Consumer Protection in the 21st Century.†And indeed, the first day started off on a strong, bipartisan note that may signal that, after more than four decades of permissive antitrust enforcement, the American economy is due for a shake-up.
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https://www.marketwatch.com/story/antitrust-policy-has-missed-the-forest-for-the-trees-2018-10-09?mod=newsviewer_click
