Bigness Writ Large

“Monopolies penetrate almost every sector of the U.S. economy, airlines to pharmaceuticals, candy to coffins, often leading to unfair prices, lower wages, or both. Facebook and Google have so much power in the advertising market—they control 66 percent of online ad revenue—that they are undermining newspapers. Two companies make 64 percent of American diapers, one company builds 52 percent of America’s mobile homes, two companies produce 78 percent of its corn seeds, and one company assembles 61 percent of syringes.” The New Republic: The One Issue the Left and Right Can Agree On. Expect this to be a major issue in 2019. To brush up on the topic, check out Tim Wu’s book, The Curse of Bigness.