Aug
23
The Fed Worries About Corporate Monopolies. Investors Should Just Buy Them.
ByShareholders should embrace companies with a commanding position in their business, limited competition and less need to invest
Is rising corporate power hurting capital spending, wage growth and U.S. productivity? Central bankers meeting in Jackson Hole, Wyo., to discuss the issues will be worrying that the answer is yes. Investors should be thrilled if it is.
Economists are divided about the extent to which the changing structure of the economy is creating new monopolies, hurting consumers and workers and damaging corporate investment for the future. The division is easy enough to explain by looking at big technology disruptors: Alphabet, Amazon,…
The Fed Worries About Corporate Monopolies. Investors Should Just Buy Them.
