The Competition Solution

London argues that prosperity in the 1990s was the result of political struggles over several decades that opened up markets and increased competition within them, rather than the changes in monetary or tax policy that most economists focus on. Competition, not the Federal Reserve, ended inflation by making it impossible for businesses to raise prices; competition, not tax cuts, spurred investment by forcing companies to make investments that enabled them to cut costs and expand. The Competition Solution contrasts the vibrant, competition-driven American economy of the 1990s with the oligopolistic, inflation-prone one of the 1970s. London uses anecdotes and examples to show how both Republicans and Democrats helped bring down the oligopolies and monopolies by backing open trade, supporting antitrust, and ending price fixing in key industries. He tells the story of how the courts and politicians helped competitors challenge the Big Three auto companies and the United Auto Workers; Big Steel and the steelworkers union; airlines and their unions; AT & T and the Communications Workers of America; the trucking companies and the Teamsters; the established eastern financial institutions; and even powerful local retailing interests. Our future prosperity, London argues, will require political leaders who are willing to take on these kinds of fights.

שנה

2005

שפה

English

הוצאה

AEI Press

מהדורות

1

עמודים

227

ISBN

9780844742045

מקור הנתונים: Wikidata