The greedflation theory suggests that large companies can leverage their outsized market power to raise prices more than what should be possible in a truly competitive economy. But in some concentrated markets, that has not happened: hospitals are highly consolidated, yet healthcare prices have ...
till we could invest the time needed to improve them to more perfectly conform to the thematic pattern. I have now begun the process of cleaning up many original examples of the pattern. I have started with Joseph Smith’s ‘King Follett Discourse.’ As our ...
As income got more concentrated at the top, the rich turned to the financial sector for investment, creating a speculative bubble. And as middle class income was stagnating, that in turn created a debt bubble, conditions that inevitably precipitated economic crises. The crux of Reich’s argument...
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