Business monopolies push prices upward

Matt Stoller reports that 60 percent of recent U.S. price increases are caused by businesses exercising monopoly power.  He says the recent surge in inflation cost $2,126 per American.

What can be done about it?  Stoller says:

  1. Strengthen laws against price-fixing.
  2. Impose an excess profits tax.
  3. Strengthen anti-trust laws against business concentration in general.
  4. Revive laws against price discrimination against small businesses.

LINK

Corporate Profits Drive 60% of Inflation Increases by Matt Stoller for BIG.

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