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  • 1 min

Are US firms of today larger than US firms of yesterday ?

  • 10 July 2019
  • Philippe Waechter
  • Companies’ size
  • United States
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Philippon and Gutiérrez answer a clear no

Politicians and activists are warning that mega-companies like Facebook, Wal-mart, and Amazon are returning America to the Gilded Age. They point to record breaking profits and mergers the size of small countries.
On the other hand, many  economists and antitrust lawyers aren’t panicking. They say innovation and better management are driving these so-called superstar firms to unprecedented levels of efficiency. Their size and dominance is just a side effect.
However, both may be missing the bigger picture. 
Read this interesting analysis by Philippon and Gutiérrez

Related Topics
  • Companies’ size
  • United States
On the same topic
  • 10 min

From Today to Tomorrow – December 22 – The three ruptures of the health crisis – We must rebuild the economy

  • 22 December 2020
  • News & Chronicles

Philippe Waechter

The health crisis was a life-size experience. As a result of active economic policies, economies have been resilient. But three ruptures will change the economy of tomorrow.The first is the…
  • Economic Policy
  • Labor Market
  • Polarization of the World
READ
  • 3 min

From Yesterday to Today – October 16 – Low interest rates for an extended period before inflation

  • 16 October 2020
  • Monetary Policy

Philippe Waechter

Low interest rates reflect the combination of fiscal and monetary policies. This is already translating into severe financial repression. Governments, more than central banks, will have an interest in a…
  • Financial Repression
  • Inflation expectations
  • Interest Rates
READ
  • 4 min

Europe must choose its philosophy

  • 25 May 2020
  • International

Philippe Waechter

The European Commission will have to choose between the Franco / German plan and the proposal of “frugal four”. The choice will shape the trajectory of Europe for the years…
  • "Frugal Four" Countries
  • European Commission
  • European Union
  • Franco/German Proposal
READ
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