My JMP asks a classic question:
Do large, dominant firms foster or hinder innovation?
To study this, I turn to the Great Merger Wave (1895–1904), when >2,600 U.S. firms combined into corporate giants like U.S. Steel and DuPont.
A JMP 🧵👇 (1/13)
My JMP asks a classic question:
Do large, dominant firms foster or hinder innovation?
To study this, I turn to the Great Merger Wave (1895–1904), when >2,600 U.S. firms combined into corporate giants like U.S. Steel and DuPont.
A JMP 🧵👇 (1/13)
"I observed that half the IQ In world was possessed by women without mentioning they are more than 51 percent of population..."
www.theatlantic.com/politics/arc...
But I think this also illustrates an overlooked corrosive effect of inequality. If private CEOs make millions, then non-profit directors, union presidents, and governors feel like should make $500k for similar work.
But I think this also illustrates an overlooked corrosive effect of inequality. If private CEOs make millions, then non-profit directors, union presidents, and governors feel like should make $500k for similar work.
My attempt to set forth a balance sheet: Bidenomics was an extraordinary success. The economy healed fast; the…
braddelong.substack.com/p/bidenomics...
My attempt to set forth a balance sheet: Bidenomics was an extraordinary success. The economy healed fast; the…
braddelong.substack.com/p/bidenomics...
Capital wants Trump to activate subsidies, invoking China card that worked so well w Biden.
Capital wants Trump to activate subsidies, invoking China card that worked so well w Biden.
Pope Leo XIV challenges us to reflect on the moral cost of policies that target deeply-root immigrants and families.
Pope Leo XIV challenges us to reflect on the moral cost of policies that target deeply-root immigrants and families.