#balle2015

[artmenius]

Across the West powerful firms are becoming even more powerful

That could undermine public faith in capitalism, says Patrick Foulis

If profits in America fell to historically normal levels thanks to more competition, and private-sector workers got the benefits, real wages would rise by 6%. If competition also revived productivity growth, wages could rise a lot further. Without competition, capitalism is torpid and favours the few, not the many.