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Economy

A Rising Antitrust Movement, And The Inevitable Pushback

Monopolistic companies may be near a tipping point where people (and governments) want them reigned in.

Any french competition in sight?
Any french competition in sight?
Noah Smith

NEW YORK — The outcry over monopoly power has gone mainstream. A few years ago, concerns over increasing market concentration began to appear in the economics profession, and a few scattered activists began to make the issue a central priority. But while academics and think tanks continue to speak out about antitrust and monopolies, more and more economics writers are now also sounding the alarm. Law professor Tim Wu went so far as to warn that widespread monopoly could lead to the death of democracy itself. The Economist has an entire special report covering many aspects of the issue. Author and private-sector economist Jonathan Tepper has a new book entitled "The Myth of Capitalism: Monopolies and the Death of Competition" that could bring the problem into the public eye.

And a few politicians on both sides of the aisle are starting to take up the cause. Minnesota Senator Amy Klobuchar, a Democrat, has introduced legislation that would expand the set of considerations that antitrust authorities use to block mergers — instead of simply worrying about higher consumer prices, the senator's bill would direct regulators to consider wages, product quality and innovation. Several key Republicans have offered their support.

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Society

End Of Roe v. Wade, The World Is Watching

As the Supreme Court decides to overturn the 1973 decision that guaranteed abortion rights, many fear an imminent threat to abortion rights in the U.S. But in other countries, the global fight for sexual and reproductive rights is going in different directions.

"Don't abort my right" At 2019 pro-choice march In Toulouse, France.

Alain Pitton/NurPhoto via ZUMA
Hannah Steinkopf-Frank and Sophia Constantino

PARIS — Nearly 50 years after it ensured the right to abortion to Americans, the United States Supreme Court overturned the Roe v. Wade case, meaning that millions of women in the U.S. may lose their constitutional right to abortion.

The groundbreaking decision is likely to set off a range of restrictions on abortion access in multiple states in the U.S., half of which are expected to implement new bans on the procedure. Thirteen have already passed "trigger laws" that will automatically make abortion illegal.

U.S. President Joe Biden called the ruling "a tragic error" and urged individual states to enact laws to allow the procedure.

In a country divided on such a polarizing topic, the decision is likely to cause major shifts in American law and undoubtedly spark outrage among the country’s pro-choice groups. Yet the impact of such a momentous shift, like others in the United States, is also likely to reverberate around the world — and perhaps, eventually, back again in the 50 States.

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