Powerless both in our economic and political life he

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powerless, both in our economic and political life. He expresses “We seem no longer tocontrol our own destinies. If we don’t like our Internet company or our cable TV, weeither have no place to turn, or the alternative is no better” (Stiglitz 2019). Examples assuch has led to increase in market power explains the slowdown in productivity growth,the sluggishness of the economy, and the growth of inequality with in recent years. Thearticle talks about the tech marketbeing a significant contributor to the creations ofmonopolies, specifically referencing Microsoft and examples such as the ones welearned in week 5, like new predation forms were created, and pre-emptive mergerssuch as buying cheap potential competitors before they could be a competitive threatand before an acquisition would receive antitrust scrutiny became the norm.Through analyzing the articles presented within this paper it is certainly clearmonopolies in our economy leads to adverse consequences resulting to inequality. Butthere are numerous consequences, which result in a poorly performing economy.First,the weak capital formation of recent years is part and parcel of the growth of rents andrent-wealth leading to economic stagnation. Secondly, with monopolies, the marginal
return to investment is lower than the average return they know that their prices mayreject if they produce more explaining the anomalous result of huge corporate profits butminimal corporate investment rates, even as the cost of capital has declined. Third, thedistortions in the allocation of resources associated with market power lead to a lessefficient economy. Fourth, market power has been used to restrain innovation. There isevidence of a decline in the pace of production of new innovative firms, and especiallyof new firms headed by young entrepreneurs. Fifthly, the ability of these new behemoths

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