"Corporations span across borders, which makes them liberating, but they are governed by a principle of profit and not democratic accountability. Instead of breaking up their economies of scale, radical antitrust is about making them accountable to the people they hold power over. Indeed, democratizing and changing the power structure of existing corporations may be the most effective pathway to an international form of democracy. Immediate policies in this direction include stakeholder representation on boards, more thoughtful limits on mergers and acquisitions, and fewer investors exerting control over multiple companies within an industry."
Fiona Scott Morton, Herbert Hovenkamp
Antitrust, Clayton Act, Conflicts of interest, Index funds, Institutional Investors, Mergers & acquisitions, Mutual funds, Ownership, Securities enforcement
José Azar, Martin C. Schmalz, Isabel Tecu
Competition, Ownership, Diversification, Pricing, Antitrust, Governance, Product Market
