Must-Read: Nell Abernathy, Mike Konczal, and Kathryn Milani: How to Check Corporate, Financial, and Monopoly Power

Must-Read: Nell Abernathy, Mike Konczal, and Kathryn Milani: How to Check Corporate, Financial, and Monopoly Power: “The policies we propose specifically address rules that have distorted private sector behavior and provided benefits to multinational corporations and rich individuals at the expense of average workers and the economy…

…If taxed and regulated properly, big business, banks, and wealth-holders can contribute to broadly shared prosperity. But tailoring the rules to serve their interests—in essence, leaving these powerful forces untamed—promotes rent-seeking and greater inequality and leads to weaker long-term growth and a less productive economy. Untamed builds on recent analysis of economic inequality and on our 2015 report, Rewriting the Rules, in which we argued that changes to the rules of trade, corporate governance, tax policy, monetary policy, and financial regulations are key drivers of growing inequality…

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Brad DeLong
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