Report
The possible twofold response to the "economic excesses" in the United States
The "economic excesses " in the United States are due to: The appearance of dominant companies in goods and services markets, which use their monopoly power to increase their profit margins and reduce their effort to improve productivity; The decline in employees’ bargaining power in the labour market, which has weakened the wages of a majority of Americans and increased inequality. As these “economic excesses " are negative for a majority of Americans, we could expect a twofold reaction in a democracy: A return of anti-trust, active competition policies to break the monopoles (which are present in all business sectors and not only in the internet sector ); The election of a left-wing Democratic majority that will change labour market rules (for example, sharp increase in the minimum wage, unemployment insurance reform, better employment protection).
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Natixis
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Patrick Artus
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