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PS. In Theory: The Rise of Monopsony

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In the last few decades, a growing number of industries have become dominated by a handful of firms, and wages, growth, and inflation have remained stubbornly low, while inequality has risen sharply. This is not a coincidence.

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  1. verhofstadt40_PAULFAITHAFPGettyImages_borisjohnsonspeakingarms Paul Faith/AFP/Getty Images

    Boris’s Big Lie

    Guy Verhofstadt

    While Boris Johnson, the likely successor to British Prime Minister Theresa May, takes his country down a path of diminished trade, the European Union is negotiating one of the largest free-trade agreements in the world. One really has to wonder what the "buccaneering" Brexiteers have to complain about.

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