Trussonomics, producer capture, and the contradictions of neoliberalism
Catterall, P.
(18 October 2022)
Trussonomics, producer capture, and the contradictions of neoliberalism.
LSE Business Review.
In an analogy between politics and markets, democracy can be described as a power market whose main reason is to prevent concentration in the hands of vested interests. However, political markets can be captured by producers (politicians, the media, think tanks, and lobbyists), to the detriment of consumers (voters). Pippa Catterall writes that rising bonuses at a time of rising prices and falling real wages are indicative of how much markets have been distorted in favour of a distinctive form of producer capture.
| Item Type | Blog post |
|---|---|
| Copyright holders | © 2022 The Author |
| Departments | LSE |
| Date Deposited | 06 Dec 2022 |
| URI | https://researchonline.lse.ac.uk/id/eprint/117551 |