{"id":4348,"date":"2019-11-18T15:28:33","date_gmt":"2019-11-18T07:28:33","guid":{"rendered":"http:\/\/blog.rchss.sinica.edu.tw\/wwchu\/?p=4348"},"modified":"2019-11-18T15:28:33","modified_gmt":"2019-11-18T07:28:33","slug":"wolf-why-the-us-economy-isnt-as-competitive-or-free-as-you-think-ft","status":"publish","type":"post","link":"https:\/\/blog.rchss.sinica.edu.tw\/wwchu\/?p=4348","title":{"rendered":"Wolf: why the US economy isn&#8217;t as competitive or free as you think FT"},"content":{"rendered":"<p>2019-11-14 Financial Times<\/p>\n<p>Martin Wolf reviews &#8220;The Great Reversal&#8221; by Thomas Philippon<\/p>\n<p>Philippon summarises:<\/p>\n<p>The US markets have become less competitive; this lack of competition hurts consumers and workers; the main explanation is political, not technological.<\/p>\n<p>The decrease in competition was due to increasing barriers to entry and weak antitrust enforcement, sustained by heavy lobbying and campaign contributions.<\/p>\n<p>The post-tax profit share in US GDP has almost doubled since 1990s.<\/p>\n<p>The EU has established more independent regulators than either its individual members or the US. Thus, EU compares better than the US in these regards.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>2019-11-14 Financial Times Martin Wolf reviews &#8220;The Great Reversal&#8221; by Thomas Philippon Philippon summarises: The US markets have become less competitive; this lack of competition hurts consumers and workers; the main explanation is political, not technological. The decrease in competition was due to increasing barriers to entry and weak antitrust enforcement, sustained by heavy lobbying [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,7],"tags":[],"class_list":["post-4348","post","type-post","status-publish","format-standard","hentry","category-reflections","category-international-economics"],"_links":{"self":[{"href":"https:\/\/blog.rchss.sinica.edu.tw\/wwchu\/index.php?rest_route=\/wp\/v2\/posts\/4348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.rchss.sinica.edu.tw\/wwchu\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.rchss.sinica.edu.tw\/wwchu\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.rchss.sinica.edu.tw\/wwchu\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.rchss.sinica.edu.tw\/wwchu\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4348"}],"version-history":[{"count":2,"href":"https:\/\/blog.rchss.sinica.edu.tw\/wwchu\/index.php?rest_route=\/wp\/v2\/posts\/4348\/revisions"}],"predecessor-version":[{"id":4350,"href":"https:\/\/blog.rchss.sinica.edu.tw\/wwchu\/index.php?rest_route=\/wp\/v2\/posts\/4348\/revisions\/4350"}],"wp:attachment":[{"href":"https:\/\/blog.rchss.sinica.edu.tw\/wwchu\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.rchss.sinica.edu.tw\/wwchu\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.rchss.sinica.edu.tw\/wwchu\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}