The main cause of monopolies is barriers to entry – other firms cannot enter the market. Three sources of barriers to entry: 1. A single firm owns a key resource. E.g., DeBeers owns most of the world’s diamond mines 2. The govt gives a single firm the exclusive right to produce ...
Wednesday, Aug. 23, 2023, children’s advocacy groups including Fairplay and Common Sense Media asked the Federal Trade Commission to investigate Google, saying the tech giant serves personalized ads to kids on YouTube despite federal law prohibiting the practice. (AP ...
Halting the stagnation-accumulation treadmill will require planned degrowth that promotes rational utilization of economic surplus alongside dis-accumulation and redistribution of wealth. This approach differs from Klitgaard’s (2023) definition of a recession, which he calls “unplanned degrowth.” Planned...