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While competition is supposed to be central to capitalism, the wealthiest people alive today have gotten rich by suppressing it. They’re brazen about it too. Peter Thiel famously announced in 2014 that “competition is for losers” and counseled companies to monopolize their domains. Business schools…

Then the Chicago School pulled off a brilliant coup. They promoted an antitrust theory that dispensed with the idea of citizenship altogether; instead, they insisted anti-monopoly regulators should limit themselves to thinking about “consumer welfare,” forgetting all that high-minded stuff about “d…

The reason creative workers are receiving a declining share of the wealth generated by their work is the same reason all workers are receiving a smaller share—we have structured society to make rich people richer at everyone else’s expense. The playing field has been tilted so far that a growing nu…

Culture has been captured. Three massive conglomerates own the three record labels and three music publishers that control most of the world’s music. They designed the streaming industry, dominated by Spotify, which itself is (or was) partly owned by those same three labels. When Disney swallowed 2…