this is also the result of years of regulation that creates hurdles for newcomers & thus concentrates power.
There ain't much competition out there in many industries, hence the pricing power.
Sad that the left will see even more regulation as the cure, not as part of the problem
Regulatory capture amplifies the problem. Democracies have always been a compromise between the will of the people and the will of the wealthy, Aristotle and James Madison both recognized it but had different solutions; welfare and elite rule respectively. The elite rule has become a fascist regime of corporate interest puppeteering the government to create regulation beneficial to the elites. It’s a viscous cycle.
