Wednesday, October 25, 2017

How the Chicago School's extremist ideology destroyed the American economy with unchecked monopolies

There was a time when monopolistic control over sectors of the US economy was vigorously checked through antitrust enforcement, but the neoliberal ideology of the Chicago economists (Milton Friedman et al) has eroded competition in America by convincing regulators that monopolies only need to be policed under very specific (and almost unheard-of) circumstances. (more…)



from Boing Boing

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