The Future of Antitrust: Zephyr Teachout
Monopolies are Anti-Democratic
A monopoly is a company that has the power to set the terms of interactions, from the pricing of consumer goods to interactions with suppliers and resolving disputes. The most insidious and anti-democratic example is private arbitration, a judicial system where the parties to the suit pay the judges. Large companies force employees and even customers to litigate all grievances through arbitration courts, making a mockery of justice and infringing upon our civil rights. In essence, monopolies exert a form of private governing power and control over citizens…
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