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https://doi.org/10.22394/2686-7834-2022-1-7-44
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Антимонопольное регулирование как симптом дисфункции американской политической системы
Antimonopolism as a Symptom of American Political Dysfunction
[journal article]
Abstract Contemporary American interest in using antitrust law to address wealth inequality is a symptom of American political dysfunction rather than a refl ection of any intellectual advance regarding the sources of inequality. Indeed, both the original American progressives of a century ago, as well as Th... view more
Contemporary American interest in using antitrust law to address wealth inequality is a symptom of American political dysfunction rather than a refl ection of any intellectual advance regarding the sources of inequality. Indeed, both the original American progressives of a century ago, as well as Thomas Piketty, whose work sparked contemporary intellectual interest in inequality, agree that inequality's source is scarcity, rather than monopoly, and so will persist even in perfectly competitive markets. The only real solution is taxation, not a potentially destructive campaign of breakup. There are two causes of contemporary American antimonopolism. The first is American anti-statism, which has closed off tax policy as a viable political solution to inequality, forcing scholars and activists to seek a second- or third-best workaround in antitrust policy. The second is the American press, which is actively promoting antimonopolism as a way of fi ghting back against Google and Facebook, two companies that have badly outcompeted the press for advertising dollars in recent years. Given these idiosyncratic roots of contemporary American antimonopolism, other jurisdictions seeking to address inequality may have little to gain from following the American example, particularly if taxation remains a viable policy option for them.... view less
Keywords
inequality; progressivism; United States of America; economic law
Classification
Law
Free Keywords
antimonopolism; Anti-Etatism; tax
Document language
Russian
Publication Year
2022
Page/Pages
p. 7-44
Journal
Theoretical and Applied Law (2022) 1
ISSN
3034-2813
Status
Published Version; reviewed