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Hi Matt, this is good and well but the nature of capitalism has shifted given that the industrial base has left to China and the financial base is now the driver of the economy.

What would reinvigorating these older bodies of government that were built to solve 19th century problems do in the long run? The derivatives market is currently sitting at 1 quadrillion and basically has attached all the money in the world to a massive tulip bulb, what solution do we have to this new problem?

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The history of Monopolies gives me great comfort. I love that we have had these problems in the past and over come them...

Getting the public to care, i think, revolves around linking breaking up these monopolies to higher wages. When media can link the two i think voters will start caring a lot more. No?

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My perspective is the opposite. I read this and thought, how sad that we didn't learn, and repeated our mistakes and ended up right back to this problematic state, and within a century no less. As the saying goes, those who don't know their history are doomed to repeat it. It would be bad enough if we forgot or didn't fully know history from hundreds of years ago and so ended up repeating it, but what's the excuse for doing so in such a short time span?

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Vertigo... I understand your point and too would prefer that we Americans learn our history.

But CORPORATIONS are mote focused on higher profits than on history if that history would reduce their profits.

That is the cold hard reality. We have to keep fighting the big companies if we dont want them to dominate us. It has been like that for ever and i dont see it changing in my lifetime or yours. The FIGHT never ends

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Hey Matt, great article as always. I wanted to get your thoughts on the state of monopolies in Canada. The grass is clearly not greener north of the border, with 2/3 telecommunication companies controlling the entire market and monopolies existing across the entire supply line. The same is present in almost every industry in the country.

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Canada has a huge monopoly problem.

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I would suggest that oligopolies are more common in Canada than outright monopolies, but there is unquestionably a problem of concentration.

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Are you thinking of doing an article about it anytime soon? Would love to read your thoughts on it.

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It's been in my draft folder for awhile.

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Apologies for the spelling and grammatical 'bloopers' below. The failings of haste. Mea Culpa.

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"Antitrust Isn’t the Solution to America’s Biggest Tech Problem" by Bhaskar Chakravorti (Harvard Business Review) suggests anti-trust efforts in the US is too slow and fails. His defence of Big Tech (as I understand him) is to allow them to cooperate to make life easier for users. This seems an extraordinary case to make. To me the real problem is outlined by Shoshonna Zuboff in 'The Age of Survellance Captialism', but I will not side-track the matter at hand. What surprises me was Chakravorti's argument that the attempt to end the Bell Telephone dominance failed (in the 1950s). Please correct me if I misunderstand, but I thought Bell (ATT) was broken up in 1982. to me that is interesting because Eekhout, I understand ('The Profit Paradox' - I have not yet read it) identifies the shift toward monopoly power in profits began around 1980; so when people might have seen the 1980s through the Bell anti-trust success as the triumph of neoliberalism (Reagan/Thatcher), this actually marked out the end of an era of competition. Neoliberalism from 1980 has become the Aage of Monopoly and Survellance.

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Hey Matt - Monopolies is not a good word because the real problem is probably more with oligopolies. Which is the best word of the two in your view to get the publics attention.

Great article by the way

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While the appointment of Lina Khan can be celebrated as a major shift in tone from an otherwise centrist administration, once Amazon or corporatist politicians on the left start feeling the heat, I predict every racial or social flare-up, and the scrutiny of Khan’s response to these incidents, will used as a tool to defenestrate Khan’s authority over concentrated power. The same script used on Leland Olds might play here, replacing Olds’ supposed communism with Khan’s supposed insensitivity.

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PF - You are saying that the same marketing that got Americans to love the lower prices from Amazon more than caring about the industries Amazon is crushing and the employees it sucks the soul from is going to convince us that the woman that can break them up is actually a TERRIBLE person. You think?

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Great article. Thanks so much!

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that explains the dip in the market this week :).

Well, at least in my holdings <g>

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That was fear of uncertainty over the Federal Reserve policy meeting. They claimed to be likely to lift interest rates from 0.0% to 0.5% in the next 30 months & that they were considering tapering their bond buying program. The market sold off ahead of uncertainty around that.

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