I am going to do a book review of an econ book that has just come out. And I think it’s fitting that my first post on the return of the Credit Writedowns ‘blog’ is a review of such a good book like “The Myth of Capitalism”. I started this website just over a decade ago in the middle of the financial crisis. And you would think that, after a decade of recovering from that episode, putting regulations and safeguards in place, and sending the US economy to record low unemployment, that a lot of the complaints people had about ‘capitalism’ would have gone away. In fact, the distrust of capitalism is worse now than it was ten years ago. And Jonathan Tepper’s book, co-written with Denise Hearn, goes a long way toward identifying why. It also ends with some ideas about fixes.
I’m not sure any horizontal merger or acquisition is actually in the public interest. If I were rewriting anti-trust laws, I’d start with that presumption.
(Also, FYI, the link from the email directly to the comment section didn't work.)