In the past two years, the debate over concentration, market power, and bigness—and their potential effects on the U.S. economy—has increased, especially as technology companies have grown into global giants. And the shift has many scholars concerned.
“The question is, have we gone too far in the direction of saying that everything goes,” asks Professor Luigi Zingales, professor of entrepreneurship and finance at the University of Chicago Booth School of Business and director of the Stigler Center for the Study of the Economy and the State.
To explore that question, the Stigler Center hosted its first conference on the question of concentration in the U.S. economy, bringing together top economists, policymakers, regulators, journalists, and public intellectuals.
After three days of discussion, what was their conclusion? Watch the video.