Rather than focusing on prices paid by consumers, US courts and legislators must grapple with something more complex — the outsized power of corporations in our political economy.
Two of the most important economic questions over the next few years are: how will the US-China relationship play out, and how will nations curb corporate monopoly power?
The biggest global economic winners over the past three decades have been China and large corporations, research by the United Nations Conference on Trade and Development shows. As they have risen, local labour’s share of gross domestic product has fallen in the US and most parts of the world.
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Financial Times
Rana Foroohar is a global business columnist and an associate editor at the Financial Times, based in New York. She is also CNN’s global economic analyst.
