Two-thirds of the U.S. economy has concentrated since 1997
Evidence
When a publication as pro-free-market as The Economist is bemoaning increased concentration and inadequate competition, documenting a $10 trillion wave of mergers since 2008 and that two-thirds of the economy has concentrated since 1997, you know the situation is dire. — Andrew deWaard, Derivative Media, 461
Categorization
Category: Factual Claims
- XREF: Connects to the reader’s tracing of private equity rollups and consolidation across industries — supply-side data on the scale of concentration.