The Military-Industrial Stock Buyback Complex

Why is the US military ceding ground to China? As a new DOD report shows, big defense contractors are middlemen whose main purpose is stock buybacks and dividends. | Continue reading


@mattstoller.substack.com | 1 year ago

Open Thread and Monopoly Round-Up

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@mattstoller.substack.com | 1 year ago

The Monopolies Behind the Adderall Shortage

The 3 big drug wholesalers who fostered the opioid crisis are now causing a shortage of a key medicine for children with behavioral disorders. Why? It's a problem called absentee ownership. | Continue reading


@mattstoller.substack.com | 1 year ago

How Equifax Became a Private IRS

At a Goldman Sachs conference in December, Equifax CEO Mark Begor told investors that his company has a monopoly in an obscure but important area - selling data about your salary to third parties. | Continue reading


@mattstoller.substack.com | 1 year ago

Private Equity Gave Your Bank Password to Hackers

Francisco Partners and Evergreen Coast Capital Corp own LastPass. They raised prices, and then fumbled security. You had one job guys! | Continue reading


@mattstoller.substack.com | 1 year ago

Why Do Analysts and CEOs Keep Calling for Consolidation?

Why does Wall Street still think that everything will consolidate? Probably because for the last forty years, it always has. Is that dynamic finally changing? | Continue reading


@mattstoller.substack.com | 1 year ago

The smash and grab of Kroger-Albertsons

The Kroger-Albertsons supermarket deal is uglier than you might expect. The "special cash division" of $4 billion may be intended to get around antitrust enforcers. | Continue reading


@mattstoller.substack.com | 1 year ago

Boom Antitrust Bill Passed

The Merger Filing Fee Modernization Act just moved through the U.S. House of Representatives, supported by a weird bipartisan coalition. This is very, very good news. | Continue reading


@mattstoller.substack.com | 1 year ago

Top Lock Companies to Merge

Antitrust enforcer Jonathan Kanter is reinvigorating merger law. This time, it's blocking monopolization in the lock industry. | Continue reading


@mattstoller.substack.com | 1 year ago

An Economy of Overfed Middlemen

A venture capitalist called Equal Ventures just says it straight-up, we seek to invest in monopolization. | Continue reading


@mattstoller.substack.com | 1 year ago

The Slow Erosion of Amazon's Power

Amazon is curtailing its private label business in response to regulatory pressure. But it's also promoting one of its more predatory executives. Two steps forward, one step back. | Continue reading


@mattstoller.substack.com | 1 year ago

Weird Monopoly: Football Helmets

Why are football helmets in shortage? Blame a private equity roll-up of the main producers, Schutt and Riddell. | Continue reading


@mattstoller.substack.com | 1 year ago

Apple's backup plan to stop antitrust legislation

Apple CEO Tim Cook was personally lobbying Congress last week on privacy and antitrust. He's got a backup plan to beat back the biggest threat to his monopoly. | Continue reading


@mattstoller.substack.com | 1 year ago

Enough Is Enough: The Criminal Case Against Mark Zuckerberg

The rule of law does not apply to the powerful. It should. And Facebook is a good place to start. | Continue reading


@mattstoller.substack.com | 1 year ago

The Secret Plot to Unleash Corporate Power

In 1980, conspirators launched a secret plot to get rid of antitrust law. It worked. Now enforcer are asking for help from you and me to restore the law. Let's give it to them. | Continue reading


@mattstoller.substack.com | 2 years ago

Big Tech and the Beautiful Losers in Europe

Margrethe Vestager gets a lot of headlines, but without results. It's time to stop taking her quest for headlines seriously, and to focus on whether there will be any impact from the new law. | Continue reading


@mattstoller.substack.com | 2 years ago

The Red Wedding for Rural Pharmacies

Biden just tried to regulate CVS, United Health, and Cigna. Cigna struck back, and is now trying to wipe out independent pharmacies and harm patients. Plus, antitrust enforcers are getting real. | Continue reading


@mattstoller.substack.com | 2 years ago

Big Tech Tries to Defund the Police

The biggest lobby in D.C. - the U.S. Chamber of Commerce - has a reason to go after Lina Khan. Demonizing her sells. | Continue reading


@mattstoller.substack.com | 2 years ago

Clarence Thomas Takes a Skeptical Eye Towards Surveillance Advertising

The conservative justice issued a statement on Section 230 of the Communications Decency Act, in which he attacked the core business model of Silicon Valley giants. | Continue reading


@mattstoller.substack.com | 2 years ago

Mergers Ruin Everything

Bad merger policy is why wealth and power is so consolidated in America. But last month, two government enforcers started to turn the table on the monopolies who run our economy. | Continue reading


@mattstoller.substack.com | 2 years ago

Sometimes Antitrust is Rocket Science

With the FTC challenging the Lockheed-Aerojet merger, 30 years of consolidation could be at an end. | Continue reading


@mattstoller.substack.com | 2 years ago

Fear and Loathing in the Silicon Valley C-Suite

Apple CEO Tim Cook and Google CEO Sundar Pichai are demanding their minions in the Senate protect them. Will they? We'll see this week. | Continue reading


@mattstoller.substack.com | 2 years ago

Corperate profits drive 60 percent of inflation

Higher prices aren't just a result of supply chain chaos or government spending. Inflation is being driven by the pricing power and higher profits of corporations, costing $2,126 per American. | Continue reading


@mattstoller.substack.com | 2 years ago

The Most Profitable Traffic Jam

Clogging up the ports is a $150 billion business, but a bipartisan bill to re-regulate the sector is moving through Congress. Why is Congress about to do the right thing? | Continue reading


@mattstoller.substack.com | 2 years ago

Too Big to Sail: How a Legal Revolution Clogged Our Ports

We are now in a giant parking lot game that threatens the global economy. Thank deregulation and the Ocean Shipping Reform Act of 1998. | Continue reading


@mattstoller.substack.com | 2 years ago

Monopolies Slowly Destroying The Pentagon

Monopoly Supplier of Critical Pentagon Semiconductors Shuts Down Its Production. | Continue reading


@mattstoller.substack.com | 2 years ago

Economists to Cattle Ranchers: Stop Being So Emotional About the Monopolies

Agricultural economists manipulated data to block Congress from acting on high beef prices and the destruction of independent cattle ranching. Why? Because they think monopolies are good. | Continue reading


@mattstoller.substack.com | 2 years ago

The Facebook Whistleblower Is Heroic and Terribly Wrong

Frances Haugen got a lot right. But a digital regulator that legitimizes Facebook's power would be the worst possible outcome. | Continue reading


@mattstoller.substack.com | 2 years ago

Will monopolies steal the infrastructure money?

We tend to talk about infrastructure in terms of spending amounts. But infrastructure in a monopoly-dominated economy is not just about money, it's about who governs. | Continue reading


@mattstoller.substack.com | 2 years ago

The Corrupt System Behind Covid Medical Shortages

Why are we still facing shortages of masks and medicine a year and a half after the start of the pandemic? Because a buying cartel controls medical supplies, and has for 25 years. | Continue reading


@mattstoller.substack.com | 2 years ago

The Cantillon Effect: How the Federal Reserve Caused a Merger Wave

How Fed Chair Jay Powell undermines antitrust enforcement. | Continue reading


@mattstoller.substack.com | 2 years ago

Lina Khan Leads the Government's New Attempt to Break Up Facebook

The FTC's narrative is that Mark Zuckerberg isn't very good at developing technology, so he built a monopoly instead. Will that story lead to a break-up? And how long will a trial and appeal take? | Continue reading


@mattstoller.substack.com | 2 years ago

The war in Afghanistan is what happens when McKinsey types run everything

An Afghan General blames defense contractors for the collapse of the Afghan army. A government inspector blames the "the pervasiveness of overoptimism" by U.S. generals. It's all that, and more. | Continue reading


@mattstoller.substack.com | 2 years ago

Pfizer and Moderna Mock Biden, Raise Vaccine Prices

Chinese strategists think the West is in permanent decline. Have Joe Biden and Angela Merkel proved them right? | Continue reading


@mattstoller.substack.com | 2 years ago

The Big Law Cartel: How Antitrust Lawyers Help Their Clients Break the Law

Big law is a corrupting influence on our policymakers. The new FTC is dusting off an old legal tool to fight back. | Continue reading


@mattstoller.substack.com | 2 years ago

Soldiers Speak Out about Being Blocked from Repairing Equipment by Contractors

Louis Rossmann has created a movement around right to repair. It's not just iPhones. It's everywhere. | Continue reading


@mattstoller.substack.com | 2 years ago

Biden Launches Action on "Big Tech, Big Pharma, and Big Ag" – Can It Be Real?

"In the late 1930s, FDR’s Administration supercharged antitrust enforcement, increasing more than eightfold the number of cases brought in just two years." | Continue reading


@mattstoller.substack.com | 2 years ago

Chinese Fashion House Shein and Trade Loopholes

Shein is dominating with ultra-low prices for Chinese made goods. The reason is a Trump-era tax loophole. | Continue reading


@mattstoller.substack.com | 2 years ago

Why Did Congress Just Vote to Break Up Big Tech? – Big by Matt Stoller

The Judiciary Committee voted 21-20 to split up Google, Amazon, Apple, and Facebook. What happened was unbelievable. | Continue reading


@mattstoller.substack.com | 2 years ago

New York State to Revolutionize Antitrust

The Amazon H2Q fight in 2019 woke up the anti-monopolists in New York. Now they are moving forward with a new stronger trust-busting law. | Continue reading


@mattstoller.substack.com | 2 years ago

Amazon Prime Is an Economy-Distorting Lie

A new antitrust case shows that Prime inflates prices across the board, using the false promise of 'free shipping' that is anything but free. | Continue reading


@mattstoller.substack.com | 2 years ago

Why Joe Biden Punched Big Pharma in the Nose over Covid Vaccines

Last week, the Biden administration asked for a global waiver on vaccine intellectual property protections. What is this waiver? Why does it matter? And why did Biden stand up to big pharma? | Continue reading


@mattstoller.substack.com | 2 years ago

One Benefit of Biden's Capital Gains Tax Hike: Fewer Mergers

Joe Biden's tax changes will slow the merger boom. And it will hit private equity particularly hard. | Continue reading


@mattstoller.substack.com | 3 years ago

Break Up the Ivy League Cartel

Harvard, Yale, and the other top schools descended from an elitist Puritan tradition are wrecking the great post-World War II democratization of education. | Continue reading


@mattstoller.substack.com | 3 years ago

FTC Nominee Lina Khan Fires a Warning Shot at Big Tech

The Senate Commerce Committee holds a nominating hearing for the most important scholar on antitrust since Robert Bork. She warns of potential criminal activity in the adtech world. | Continue reading


@mattstoller.substack.com | 3 years ago

The Coming Collapse of a Cheerleading Monopolist

Antitrust lawyers filed a class action lawsuit against private equity-owned Varsity Brands, the organizing force behind competitive cheerleading. | Continue reading


@mattstoller.substack.com | 3 years ago

What Can We Learn from a Big Boat Stuck in a Canal?

Financiers thinned out our supply chains. That was a risky bet. | Continue reading


@mattstoller.substack.com | 3 years ago

Google Became the Bad Guy

FTC documents show that antitrust economics establishment and Obama-era corruption led to a monopoly takeover of our economy. Joe Biden can undo the damage. | Continue reading


@mattstoller.substack.com | 3 years ago