Episode #12: Monopolies Caused Income Inequality – Here’s How to Fix It
In this episode of Cable Street, I'm joined by Matt Stoller to discuss how the rise of monopolies has contributed to income inequality and political populism.
Matt is a Fellow at the Open Markets Institute, and an expert on monopolies, and has written for the New York Times, the Washington Post, The New Republic, Vice, and Salon.
Matt argues that the root cause of income inequality and the rise of populist politics is due to the power and influence of monopolistic companies. Companies like Amazon, Facebook and Walmart are lowering wages, hurting growth, reducing worker bargaining power and increasing corporate influence.
The solution? Break them up. It’s been done before and we can do it again. We also discuss what this means for politics, and what can be done to stop it.
Matt Stoller – Twitter
How Democrats Killed Their Populist Soul – Article link