Antitrust: A Missing Key to Prosperity, Opportunity, and Democracy

For two centuries, the foremost subject of economic debate in America was how to maximize

liberty and opportunity in our economy, by blocking or closely managing concentrations

of power over our markets. But a generation ago two radical changes entirely altered

this conversation and hence how we addressed concentration. First, economic elites largely

concluded such consolidation was generally a good thing. Second, the Reagan Administration

flipped the goals of antimonopoly law on their head; rather than distribute power the

aim now was to promote its consolidation in the hands of a few.