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Rana Foroohar

The rise of kitchen table economics

Monopoly policy discussions are starting to go mainstream in the US, and that’s when business leaders should listen carefully.

Rana ForooharContributor

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It is not often that a Pulitzer Prize-winning dramatist gives the keynote speech at a competition policy conference. But last week in Washington, I introduced PEN America president Ayad Akhtar before he gave the lunchtime address at a conference on monopoly policy sponsored by the Open Markets Institute.

The pairing wasn’t as random as it might seem. The narrator of Akhtar’s most recent book, Homeland Elegies, is a Pakistani immigrant whose family came to what they believed to be the land of opportunity, only to realise that America had turned, over time, into a country in which hyper-individualism had collided with the money culture. The result? A society in which it is easier to protect shareholder rights than civil rights.

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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.

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    Original URL: https://www.afr.com/policy/economy/the-rise-of-kitchen-table-economics-20230220-p5cm0t