• Nobel Prize-winning economist Joseph Stiglitz says the US has a major monopoly problem

    2 monthes ago - By Chron

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    Economist Joseph Stiglitz believes the United States has a monopoly problem.
    He points to a growing market concentration across major industries like pharmaceuticals and telecom to be the result of a failure to keep antitrust laws updated.
    He considers a decrease in competition to be both the result of, and further cause of, wealth inequality, which in turn slows overall economic growth.
    This post is part of Business Insider's ongoing series on Better Capitalism.
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