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It’s a Winner-Take-All World, Whether You Like It or Not

Neil Irwin
It’s a Winner-Take-All World, Whether You Like It or Not

The rise of superstar firms is rooted in fundamental technological and economic shifts that are mostly desirable. The wave of trust-busting and rise of unions in the early 20th century removed some of the industrial economy’s worst downsides, but industrial capitalism boomed over the ensuing decades nonetheless.