Many political leaders and pundits consider wealth inequality to be a major economic and social problem. They complain about a shift of wealth to the top at everyone else’s expense and about plutocrats dominating policymaking in Washington. But is wealth inequality the crisis that some people believe? In a new study, Cato scholars Chris Edwards and Ryan Bourne examine six aspects of wealth inequality and discuss the evidence for the claims being made.
Rights precede government. That’s the core of the American founding, and George F. Will argues that it’s worth preserving. Will sat down with Cato Daily Podcast host Caleb O. Brown to discuss his new book, The Conservative Sensibility.
Growing numbers of legislators and policy experts charge that tech firms such as Amazon, Google, Facebook, Apple, and Microsoft are “monopolies” with the potential power to harm consumers. A new study from Cato scholar Ryan Bourne suggests that we should be extremely skeptical about predictions of entrenched monopoly power. Over the past century, large businesses operating in industries similar to today’s tech firms were regularly labeled as unassailable monopolies, but all saw their market shares disintegrate in the face of innovative new products and companies.