At the blog of the Atlanta Fed there’s a round-up of articles on the decline of dynamism in the American economy. I might take a look at them later but it seems pretty obvious to me that if you provide enough advantages to big companies, big companies are able to stomp down upstart competitors, large companies are slow to add employees, and you prop up large companies with government subsidies of various different sorts, it’s going to reduce the general dynamism in the economy. It’s also a pretty fair description of where we are now.
Previous post: Is the World’s Economic Problem Global Over-Supply?
Next post: What’s Our Economic Policy?