Magazine October 28, 2019, Issue

Big Business Is Not the Enemy of the People

A Citibank office tower in Singapore (Edgar Su/Retuers)
Goliath: The 100-Year War between Monopoly Power and Democracy, by Matt Stoller (Simon & Schuster, 608 pp., $29.99)

Unified theories are enticing. The proponent identifies a problem, a cause, and, of course, a solution. If only real life were that simple.

In Goliath: The 100-Year War between Monopoly Power and Democracy, Matt Stoller, a fellow at the Open Markets Institute, presents his unified theory. The problem, as he sees it: pretty much everything wrong with America today, including stagnant wages, declining democracy, and rising inequality. The cause: big businesses (i.e., “Goliaths”). And the solution: aggressive antitrust laws and regulations to whittle big companies down to size and restore the country to its true Jeffersonian destiny as a nation of

This article appears as “Blaming Big Business” in the October 28, 2019, print edition of National Review.

Robert D. Atkinson — Mr. Atkinson is the president of the Information Technology and Innovation Foundation and a co-author, with Michael Lind, of Big Is Beautiful: Debunking the Myth of Small Business.

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