https://i.guim.co.uk/img/media/a8bec436094ee57938dc15732334f53a404a2c2d/0_100_3000_1800/master/3000.jpg?width=620&quality=45&auto=format&fit=max&dpr=2&s=be28dad5c607bf2e79f4d44d040b37aa

“Implementing a pro-competition policy in America will be no easy task. Incumbent companies maintain their power with an array of unfair tactics to exclude rivals – acquisitions of nascent competitors, heavy lobbying of regulators, and lavish expenditures on campaign donations. To be successful in today’s economy, a pro-competition policy would need to tackle the new monopolies as well as the old ones – the Googles and Facebooks and the pharmaceutical and telecom companies alike. The payoffs would be large, however. Based on my research, I estimate that monopolies cost the median American household about $300 a month. Taking into account all the other inefficiencies monopolies entail, I estimate that the lack of competition deprives American workers of about $1.25tn of labor income every year. No wonder, then, that American workers are angry.”

Source : Monopolies cost Americans $300 a month. We’re no longer the land of free markets | US economy | The Guardian