Our New Gilded Age is defined by its oligarchic concentration of wealth and power: not just how much wealth is controlled by the 0.001%, but how many of our key markets are dominated by just a handful of players -- sometimes just a single company.
In a new, visual report, the Open Markets Institute presents an easy-to-understand snapshot of market concentration in more than 30 industries, with historic data showing how the concentration has increased over time.
While digital markets are among the most concentrated, the report makes it clear that this isn't a "new economy" phenomenon -- otherwise, why would beer, a business that has its roots in ancient Egypt, be as concentrated as it is?
America's Concentration Crisis [Open Markets Insititute]
Last month, Democratic presidential hopeful Elizabeth Warren proposed an annual tax on the largest fortunes in America, with some of the cash generated by the tax being funneled into the IRS to catch dodgers who move or hide their money to escape the tax.
Why are policies like a 70% tax on income over $10m and a 2% annual tax on personal wealth over $50m (with an additional 1% on wealth over $1b) so amazingly popular with Democrats and Republicans? Well, according to Fox News, it's because "the idea of fairness has been promoted in our schools for a […]
Anand Giridharadas is the Aspen Institute Fellow and former McKinsey consultant whose book Winners Take All is a must-read indictment of the way that charitable activities are used to launder the reputations of billionaires who have looted and boiled our planet, amassing titanic fortunes while starving the public coffers, and still retaining sterling reputations and […]
Breaking into the indie video game market may be easier than you think. It all starts with an idea, and then it’s a matter of finding the right development platform to bring it to life. No matter what that platform is, it’s a good bet that it’s covered in the 2019 Game Dev & Design […]
Learning a new language like Spanish doesn’t have to be hard. Either you can buy a ticket to a Spanish-speaking country, immerse yourself in the culture and pick it up intuitively – or you can do it from the comfort of the chair you’re in right now by logging on to Rocket Spanish. There are […]
When it comes to Valentine’s Day gestures, we encourage you to make the date your own. But we’ve got to admit, you can’t beat the classic appeal of a well-picked, perfectly arranged bouquet of roses. And whether you need them delivered at home or to a long-distance lover, the best call is Teleflora’s Valentine’s Day […]