As More People Worry About Monopolies, an Economist Explains What Antitrust Can and Can’t Do

According to a growing chorus of critics, America has a “monopoly problem.” Nobel Prize-winning economist Joseph Stiglitz has said as much, as has Democratic U.S. Senator Elizabeth Warren. President Trump has called Amazon a “no-tax monopoly”. In response, pundits, politicians, and think tanks are renewing their interest in antitrust policy.