Thomas Philippon
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“We have shown two important and related sets of facts. In most US industries, market shares have become more concentrated and more persistent. Industry leaders are less likely to be challenged and replaced than they were twenty years ago. At the same time, their profit margins have increased.”
― The Great Reversal: How America Gave Up on Free Markets
― The Great Reversal: How America Gave Up on Free Markets
“The contract literally prevents the patients from seeing the prices they will be charged.”
― The Great Reversal: How America Gave Up on Free Markets
― The Great Reversal: How America Gave Up on Free Markets
“Starvation is the characteristic of some people not having enough food to eat. It is not the characteristic of there being not enough food to eat. While the latter can be a cause of the former, it is but one of many possible causes. Whether and how starvation relates to food supply is a matter for factual investigation”
― The Great Reversal: How America Gave Up on Free Markets
― The Great Reversal: How America Gave Up on Free Markets
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