Nick Bunker — Economic rents are rising, and it matters who receives them

The lack of competition in the U.S. economy is of growing concern to policymakers, if recent moves from the White House are any indication. While policymakers are still thinking through exactly how to spur competition, we should also think about some of the trends underlying the decrease in competition. In a newly released brief, the Council of Economic Advisers highlights how “common ownership” of companies through index funds and other funds by asset managers could affect competition. We shouldn’t focus just on the creation of economic rents through this channel, but also the distribution of these rents.…

Washington Center for Equitable Growth
Economic rents are rising, and it matters who receives them
Nick Bunker