The Great Reversal How America Gave Up on Free Markets
Thomas Philippon
Translated to Russian by M. Markov. – Moscow: Gaidar Institute Press, 2022. – 480 p.
ISBN 978-5-93255-583-5
In this much-anticipated book, a leading economist argues that many key problems of the American economy are due not to the flaws of capitalism or the inevitabilities of globalization but to the concentration of corporate power. By lobbying against competition, the biggest firms drive profits higher while depressing wages and limiting opportunities for investment, innovation, and growth.