Jan Eeckhout

This is an excellent book that must make you think. It's a book that must make you think about market power, the rise of inequality, and the loss of the dignity of work.

It is not an easy book to read - you must read this slowly.

The objective of a dominant firm, as he says, is not to innovate. It is to prevent others from entering the market. to quote Warren Buffet, they build walls, or moats around their business, which make it difficult for others to enter.

This then creates conditions in which a few firms dominate the landscape, and this is dangerous.

the analysis is excellent, and I like the recommendations at the end. This is a book for our times.

Read this in conjunction with "The Tyranny of Merit".… (meer)