The U.S. economy is less dynamic than it was two decades ago, and with this shift has come massive concentration in market power and control.
Industrial concentration has risen. More workers than ever work for very large firms. A handful of major investors own a greater percentage of public companies. Fewer companies (and individuals) decide what we consume, where we work, how much we earn and even how our government is run than they have in the last half century.
Stephanie Hurder, a CoinDesk columnist, is a founding economist at Prysm Group, an economic advisory focused on the implementation of emerging technologies, and an academic contributor to the World Economic Forum. She has a Ph.D. in Business Economics from Harvard. This column is part of CoinDesk’s Internet 2030 series.
Blockchain advocates support the technology as a means by which to mitigate this ever increasing concentration of power. On their face, products