Monopolies cost Americans $300 a month. We’re no longer the land of free markets | Thomas Philippon

In a reversal from a few decades ago, American consumers are facing oligopolies while Europeans benefit from competition When I landed in Boston in 1999, the United States was the land of free markets. Many goods and services were cheaper here than in Europe. Twenty years later, American free markets are becoming a myth. Internet service, cellphone plans, and plane tickets are now cheaper in Europe and Asia than in the US. In 2018, the twice as much on cellphone services as households in France or the UK. This is…

Read More