Too much of a good thing
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This article from The Economist argues that high profits in the American economy are hindering competition and suggests that a lack of competition is detrimental to the overall health of the market. It discusses how rising profit levels can be attributed to increased market concentration and the growth of dominant companies in various industries. The article raises concerns about the negative effects of reduced competition, such as limited consumer choices, reduced innovation, and economic inequality. It also analyzes possible solutions to address this issue, including stricter antitrust regulations and greater enforcement of competition laws. The article concludes by asserting that restoring competition is crucial for a more vibrant and equitable economy.