Food for thought, competition and procurement edition


”  — https://promarket.org/antitrust-answer-rising-wealth-inequality/

Interesting discussion about the effects (or not) of competition law enforcement and inequality and how procurement in the US may function as redistribution mechanism. The problem with Crane's argument I suspect is that larger companies generate more profit but can pay a lower effective rate of corporation tax than smaller ones by being able to shift profit to cover for unprofitable divisions or using the tax regime to their advantage.